Petrochemical

Abadan Petrochemical; A New Target for Oil Holding Companies!

Abadan Petrochemical will soon come under the ownership of the Persian Gulf holding companies and Oghaf. These major changes are taking place in Iran's petrochemical industry.

Following a new agreement between the Minister of Oil and the Minister of Cooperatives, Labor, and Social Welfare, Abadan Petrochemical has been designated as the next target for the managers of the Persian Gulf holding companies and Oghaf. This agreement, which was approved in a meeting of the Energy Commission of the Parliament, will be seriously pursued in the next two weeks.

Key Changes in Ownership

According to this agreement, the share of the Oil Pension Fund will be transferred to the Persian Gulf holding company, and the shares of the TAPIKO and Shasta holding companies will also be transferred to the Oghaf investment group. Recently, Oghaf has gained ownership of this petrochemical company by increasing its stake in Morvarid Petrochemical.

These developments indicate profound and significant changes in the country's petrochemical industry, and it seems that the future of this industry will face new challenges and opportunities.