Iran privatizes 12 petrochemical companies

19-Sep-07
Iran has privatized 12 petrochemical companies in the past Iranian calendar year that has ended on March 20, 2007. This accounts for 35% of the sector's subsidiaries. The petrochemical companies of Khorassan, Shiraz, Tabriz, Bisotun in Kermanshah, Fanavaran, Shahid Tondguyan, Amir-Kabir, Razi in Mahshahr, and Ghadir in Assaluyeh constitute the privatization-bound companies of this year. 9 other companies will be offered in Tehran Stock Exchange (TSE) by the end of current year, in line with enforcement of Article 44 of the Constitution. The NPC plans to privatize over 60 companies, whose list was sent to the Petroleum Ministry's Headquarters for Enforcement of Paragraph C of Article 44.
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