Home / Knowledge / News / Textiles / Govt owned petrochemical enterprises to be privatized

Govt owned petrochemical enterprises to be privatized

25
Sep '08
Gholam Hossein Nejabat, Managing Director, National Iranian Petrochemical Company (NIPC), recently stated that 20 subsidiaries of the company have been selected for privatization.

NIPC is whole owned by the government of Iran and works under the Iranian Petroleum Ministry that is responsible for the development and operation of the country's petrochemical sector.

Some of the enterprises that have been completely privatized include Carbon Iran, Farabi, Abadan, Khark, Isfahan, Arak, Shiraz, Razi and Polika Karaj and 52 of the 81 subsidiaries of the National Iranian Petrochemical Company have been semi-privatized.

NIPC wants to privatize more companies but only if Iran Privatization Organization (IPO) approves the transfer of other petrochemical enterprises as a single block or holdings.

Experts are of the opinion that, privatization will help the nation progress as there will be proper management and infrastructure that would improve the quality of work, which at present is missing in Government run companies.

It is believed that, privatization will make the best use of available man power and material resources to add to the wealth of Iran. This will effortlessly reduce the problem of unemployment and inflation, which has become a major reason of worry for the Government.


Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search