[lbo-talk] Iran to privatize 9 more petrochem firms

uvj at vsnl.com uvj at vsnl.com
Sat Sep 22 17:22:43 PDT 2007


Press TV http://www.presstv.ir/

Iran to privatize 9 more petrochem firms http://www.presstv.ir/detail.aspx?id=24138&sectionid=351020102

Sat, 22 Sep 2007

At least 35 percent of the companies affiliated to the National Iranian Petrochemical Company (NIPC) have been privatized, the company says.

According to NIPC's Public Relations Department, another nine petrochemical companies will be privatized by the end of March 2008, in line with the general policies of Article 44 of the Constitution.

The nine petrochemical firms awaiting privatization include Khorasan, Shiraz, Tabriz, Kermanshah's Bisotoun, Fanavaran, Shahid Tondgouyan, Amir Kabir, Razi and Ghadir petrochemical companies.

There are a total of 68 petrochemical companies in Iran, 29 of which are completely state-owned. According to Article 44, a large number of the state-run firms will be ceded to the private sector.

HSH/AA/RE

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