Iran to Privatize 20 Petrochemical Companies

TEHRAN (FNA)- As many as 20 subsidiaries of Iran’s National Petrochemical Company have been shortlisted for private ownership, a senior NPC official said.

Amongst the ones which are wholly privatized include Carbon Iran, Farabi, Abadan, Kharg, Isfahan, Arak, Shiraz, Razi and Polika Karaj.

However, the NPC considered more companies to be privatized should the Iran Privatization Organization (IPO) approve the transfer of other petrochemical companies as a single block or holding companies.

52 of the 81 subsidiaries of the NPC have already been semi-privatized.