06 April 2011
Some 496 state-run companies will be ceded to the private sector in the current Iranian year (started March 21), said Deputy Manager of Iran Privatization Organization (IPO) Mehdi Aqdaei.
Aqdaei added a number of refineries and companies affiliated to the oil ministry would be privatized this year, Fars News Agency reported.
The official put the total value of companies privatized in the past year at 46,000 billion rials ($4.6 billion), adding some 38000 billion rials ($3.8 billion) were deposited to the treasury.
He pointed out that 496 state-run companies and 49 percent of the shares of Post Bank would be ceded to the private sector this year, saying instead of Shanzand Refinery of Arak, Bandar Abbas Refinery with the capital value of 10,000 billion rials ($1 billion) has been put in the list of privatization.
Referring to the plan for ceding National Iranian Drilling Company and Persian Gulf Holding, comprising 15 petrochemical firms, he reiterated that about 10 refineries are to be privatized in the current Iranian year.
Aqdaei noted that in order to sell the shares of Persian Gulf Holding, the company would be enlisted in Tehran Stock Exchange in the first half of the current Iranian year.
Isfahan Steel Mill is predicted to be ceded to the private sector by yearend after resolving the problem of the company's retirement fund, he concluded.
Some 496 state-run companies will be ceded to the private sector in the current Iranian year (started March 21), said Deputy Manager of Iran Privatization Organization (IPO) Mehdi Aqdaei.
Aqdaei added a number of refineries and companies affiliated to the oil ministry would be privatized this year, Fars News Agency reported.
The official put the total value of companies privatized in the past year at 46,000 billion rials ($4.6 billion), adding some 38000 billion rials ($3.8 billion) were deposited to the treasury.
He pointed out that 496 state-run companies and 49 percent of the shares of Post Bank would be ceded to the private sector this year, saying instead of Shanzand Refinery of Arak, Bandar Abbas Refinery with the capital value of 10,000 billion rials ($1 billion) has been put in the list of privatization.
Referring to the plan for ceding National Iranian Drilling Company and Persian Gulf Holding, comprising 15 petrochemical firms, he reiterated that about 10 refineries are to be privatized in the current Iranian year.
Aqdaei noted that in order to sell the shares of Persian Gulf Holding, the company would be enlisted in Tehran Stock Exchange in the first half of the current Iranian year.
Isfahan Steel Mill is predicted to be ceded to the private sector by yearend after resolving the problem of the company's retirement fund, he concluded.
© Iran Daily 2011
