Mortaza Shahmirzaei, former Managing Director of Iran's National Petrochemical Company (NPC), has been appointed CEO and Vice Chairman of the Board of Directors of Mofid Eghtesad Holding.
The holding, affiliated with the Headquarters for Executing the Imam Khomeini’s Order (EIKO), is involved in several major investment and development projects across the oil, gas and petrochemical industries.
Its key projects include the PDH project of Mehr Petrokimiya Company, aimed at producing propylene from propane feedstock, and the Morvarid Makran Heavy Oil Petro-Refinery project, which focuses on heavy crude processing and refining.
Shahmirzaei's appointment comes as the holding pursues the development of these capital-intensive projects, which require substantial financing, technical expertise and coordinated project management.