"Nine petrochemical complexes are now ready to be divested to the private sector", said the head of the secondary headquarters for the implementation of the Principle 44 in the National Petrochemical Industries Company. 

According to the Fars News Agency, Mr. Aghajani said that: "the National Petrochemical Industries Company started the divestiture of its complexes years ago in a manner that during the first Development Plan, ARAK PETROCHEMICAL COMPANY and the PETROCHEMICAL INVESTMENT COMPANIES were divested.  In the follow-up of the program, the Petrochemical Companies of Abadan, Pasargad, Pulika of Karaj, & Carbon were divested.  Moreover, from the 2^nd Development Plan on, the National Petrochemical Industries Company started some projects with participation of the private sector." 

Mr. Aghajani stated that the share of the National Petrochemical Industries Company from the projects started with the private sector participation is 20 percents.  In addition, following the prioritization of the divestiture of its affiliated companies, this Company is going to divest them by the end of 2012.  Exceptions to these divestitures, however, are some strategically significant companies, such as Commercial Petrochemical, Spack, Research, Technology and Development Management Companies, or some complexes, which are the producers of raw materials for other complexes. 

            "First nine divestible companies of the National Petrochemical Industries Company are namely Fanavaran Petrochemical, Tabriz, Amir Kabir, Khorasan, Razi, Shiraz, TOND GOUYAN, Ghadir, & Bisotoun Companies, whose list was submitted to the IPO, but their divestiture schedule shall be determined by the IPO, based upon the market and stock market conditions.", he added.  The head of the Secondary Headquarters for the implementation of the Principle 44 in the National Petrochemical Industries Company also said: "Some complexes have foreign bidders, with Turkey and India being the hottest applicants for Fertilizer Producing Complexes." He concluded: Bu Alisina Petrochemical Companies merged with the TOND GOUYAN Company, Khuzestan merged with one of the complexes of Bandar Imam and Maroun, UROUMIEH PETROCHEMICAL CO., Petrochemical Commodities, Petrochemical Transportation, Rahbaran, Subordinate Industries Expansion, Subordinate Industries Development, Aria SGS Technical Inspection, and Hekmataneh Petrochemical Companies, are the next 10 divestible companies through the TSE."