Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.

Private sector holds 15% share in Iran’s petrochemical industry

SHANA (Tehran) – About 15% of Iran’s petrochemical industry is currently controlled by the private sector, the head of the National Petrochemical Company said Monday, expressing hope that the share will increase by the end of the country’s Seventh Development Plan.

Deputy minister urges greater private sector involvement

SHANA (Tehran) - The deputy for legal and parliamentary affairs at the Ministry of Oil emphasized the private sector’s key role in advancing the oil industry’s objectives, stating that the country’s economy remains reliant on oil and that active participation from private sector associations is essential for the industry’s development.  

Privatization in petrochemical industry completed

SHANA (Tehran) - The head of Iran’s Privatization Organization announced the transfer of approximately 65 petrochemical companies to the private sector and non-governmental public institutions, stressing that the government no longer holds a significant stake in the industry. 

Oil minister:

All legal capacities to be used to remove private sector obstacles

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the need for collaboration with private sector players in the oil industry to develop and sustain the sector, stating that the private sector is the path to the country’s progress and salvation.