Lavan Oil Refining Company, with a daily refining capacity of 120,000 barrels of oil, announced the receipt of a new guideline for calculating the delivered feedstock and its petroleum products. This change has been established within the framework of the Cabinet's resolution dated July 19, 2026, and sets the basis for new pricing for a specified period.
New Details on Feedstock Pricing Calculation
According to the issued letter, the feedstock and petroleum product rates for the invoices of June and July 2026 are calculated based on the rates of February 2025. This announcement clearly states that henceforth, the rates will be determined based on the daily rates of international reference publications and according to the pricing basis outlined in the relevant guideline.
Financial and Economic Implications
Lavan Oil Refining Company also pointed out that the calculations and financial statements for the six-month period ending September 22, 2026, will be conducted based on this new basis. However, this letter does not provide details regarding the financial impact of this basis on the company's revenue, costs, or profits. Therefore, the extent of its impact on the refinery's financial performance cannot be determined from the published information.
The new changes in the method of calculating feedstock and products in the oil and petrochemical industry will directly affect the financial and economic planning of companies. These changes could lead to improvements or reductions in financial transparency in this industry and may also impact the competitiveness of domestic companies in global markets.
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