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Iran to privatize 17 petrochemical companies by March 20

TEHRAN, June 2 (Mehr News Agency) - Iran's National Petrochemical Company (NPC) will privatize 17 companies in line with the enforcement of Article 44 of the Constitution in the current Iranian year (to end March 20, 2008), said an official here on Saturday.

The NPC plans to privatize over 60 companies, whose list was sent to the Petroleum Ministry's Headquarters for Enforcement of Paragraph C of Article 44, Mehdi Aqajani, a headquarters member, told MNA.

The company finds the privatization obligatory and has started ceding its units to the private sector since 1989, he added.

... Payvand News - 6/4/07 ... --

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