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People & Business :: Companies

Iran's NPC to offer Persian Gulf Holding shares on stock exchange, reports say

7:38 AM MST | January 28, 2013 | Francinia Protti-Alvarez

National Petrochemical Co. (NPC; Tehran) will offer shares of Persian Gulf Holding, comprising 15 petrochemical firms, on the Tehran stock exchange, Fars News Agency reported today. The decision to privatize the company aims to boost its productivity, the report adds. The report did not say how much of Persion Gulf Holding would be offered.   Ongoing petrochemical projects in Iran are valued at $18 billion, says Abdolhosain Bayat, managing director of NPC, according to the report. Output from these projects will lead to significant development and added...

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