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

[uvj at vsnl.com]

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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