Iranian Privatization Organization

Notification of the Government’s Legislation for Divesting of 25 SOEs during 2007

Oct 8 2007 - 09:38
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Vice-President notified the Board of Ministers’ Legislation regarding the divestiture of 100 percents of the shares of 25 SOEs through the Stock Exchange or bids in 2007.

According to the reports of Mehr News Agency, the Board of Ministers in its meeting held on September 12, 2007, in view of the suggestion No. 25976, dated September 11, 2007, submitted by the Ministry of Economic Affairs and Finance (MEAF), and on the strength of Paragraph “A” of Article 14 of the Third Economic, Social and Cultural Development Plan of the Islamic Republic of Iran, approved in 2000, which became enforceable according to Article 9 of the 4^th Economic, Social and Cultural Development Plan of the Islamic Republic of Iran, approved in 2004, legislated the following:

All the government-owned shares in the Enterprises subject of the following Table shall be divested according to the scheduled plan and the specified method.

This legislation No. 98230/T 38244 H, approved on September 19, 2007, was notified to the MEAF, Ministry of Industries and Mines, Ministry of Energy, Ministry of Oil, Ministry of Justice, Presidential Department of Strategic Planning and Oversight, and the Central Bank of the Islamic Republic of Iran.

Row	The Divestible Enterprise	The Parent Specialized Company	The Divesting Method
1	Mapna	Tavanir	Stock Exchange
2	Bandar Abbas Refinery	National Iranian Oil Refining and Distribution Company (NIORDC)	Stock Exchange
3	Lavan Oil Refinery	NIORDC	Stock Exchange
4	Iran Alumina Company	IMIDRO	Bids
5	Meybod Steel	IMIDRO	Bids
6	Khorasan Steel	IMIDRO	Stock Exchange
7	Arak Petrochemical Company	National Petrochemical Industries Co.	Stock Exchange
8	Khark Petrochemical Co.	National Petrochemical Industries Co.	Stock Exchange
9	Esfahan Petrochemical Co.	National Petrochemical Industries Co.	Stock Exchange
10	Abadan Petrochemical Co.	National Petrochemical Industries Co.	Stock Exchange
11	Farab	Iranian Water Resources Company	Bids
12	Exploitation from the Zohreh and Jarahi Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
13	Exploitation from the Marun Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
14	Exploitation from the Garmsar Plain Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
15	Exploitation from the Saveh Plain Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
16	Exploitation from the Qazvin Plain Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
17	Exploitation from the Tehran Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
18	Exploitation from the Bushehr Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
19	Exploitation from the Vahdat Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
20	Exploitation from the Moghan Plain Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
21	Exploitation from the Zarrineh Rud Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
22	Exploitation from the Golpayegan Plain Irrigation and Drainage Networks	Iranian Water Resources Company	Bids
23	Production Management and Exploitation from the Karkheh Dam, Dam Powerplant and Powerplant	Iranian Water Resources Company	Bids
24	Production Management and Exploitation from the Masjed Soleiman Dam, Dam Powerplant and Powerplant	Iranian Water Resources Company	Bids
25	Production Management and Exploitation from the Dez Dam, Dam Powerplant and Powerplant	Iranian Water Resources Company	Bids

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