Zohreh Alipour, the Head of Iran’s Privatization Organization (IPO) 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, reported the News Agency of Iran Oil Ministry.
Alipour, speaking Sunday at the second national conference on development and foresight in the petrochemical industry, noted significant progress in the sector. "So far, about 65 petrochemical companies have been transferred to the private sector and non-governmental public institutions," she said.
"Aside from minor shares in a few companies, including Hegmataneh Petrochemical, Ibn Sina, and a small stake in the Persian Gulf Holding, the government no longer has ownership in this industry to compete with the private sector—a major step forward in privatization."
Stressing the necessity of establishing a regulatory body for the petrochemical industry, Alipour said, "Creating this institution is essential, and discussions about it have been raised in parliament. We hope it will be implemented as soon as possible."