TEHRAN – Iran’s National Petrochemical Company has prioritized 60 of its affiliates, said the NPC Wednesday.

According to the NPC, 12 petrochemical companies have been offered to the private sector since the First Five-Year Development Plan.
In the First Plan, shares of Arak Petrochemical Co. and Arak Petrochemical Investment Co. were sold while stakes of Abadan, Farabi, Pazargad, Carbon, Karaj Polika, and Petrochemical Designing and Engineering Co. went on sale in the Second plan, and Isfahan, Kharg, and Amir Kabir petrochemical companies were offered in the Third Plan.
In addition, from the start of the Fourth Plan (2005-2010) Zagros, Arvand, Ilam, Morvarid, Ghadir, Kavian, and Bakhtar projects are well underway with the contribution of the private sector.
The shares of nine petrochemical companies are to be sold till the end of the current Iranian year (March 19, 2008). Fanavaran Petrochemical Company is the first subsidiary that will be privatized by Oct. 22.