Iran’s Oil Ministry excludes 25 companies from privatization
October 8, 2007
TEHRAN – Iran’s Petroleum Ministry here Sunday submitted the list of 25 companies exempted from privatization to the Majlis (parliament).Talking to MNA, Ali Kardor added the 25 companies’ involvement in upstream and production sectors and sanctions are the main reasons behind the decision.
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.
The ministry has already named the privatization-bound companies in line with enforcement of Article 44 of the Constitution