Sunday, October 07, 2007

Iran Oil Industy's 25 Untouchables

According to Tehran Times, Iran Ministry of Petroleum announced that 25 firms are off privatization list. These are National Iranian Oil Refining and Distribution Company (NIORDC), Pars Special Economic Energy Zone Co., National Iranian Gas Company (NIGC), National Petrochemical Company (NPC), National Iranian Oil Products Distribution Company (NIOPDC), National Iranian Gas Export Company (NIGEC), National Iranian Oil Engineering and Construction Company (NIOEC), Iranian Fuel Conservation Organization (IFCO), Iranian Gas Engineering and Development Company (IGEDC), National Iranian Oil Pipeline and Telecommunication Company (NIOPTC), Petrochemical Terminal and Tank Farm Company (PTTC), and South Pars Gas Complex (SPGC) are among the companies.

These companies are major operators in Iran’s oil industry and include firms in all aspects and levels of operation; manufacturing, expansion, distribution and development. It must be emphasized that Iran Oil Ministry other companies are tapped for privatization. This announcement also means that privatization will go ahead in oil industry, at least for some companies. Given the vital significance of this industry for Iran’s domestic economy, many politicians oppose a complete privatization of this sector. In the presence of such formidable opposition a partial privatization still is a victory for privatization process in Iran.
For more information see:

No comments: