NPC official criticized petchem privatization process

TEHRAN Dec 01 (Shana)–An NPC top official has criticized the way of transferring petrochemical plants to the private sector during the ruling of former administration headed by president Ahmadinejad.
NPC Director for supervising petrochemical projects Marziyeh Shahdaei said unprofessional transfer of petrochemical projects to the private sector caused the government to lose its control over the projects which was followed by some problems for petrochemical plants.

“In the projects run by qualified managers, privatization course was successful but those companies which were run by unprofessional persons out of the petrochemical sector faced problems” the NPC top official noted.

She said NPC should support those companies transferred to the private sector and oversee their performance.

During 8 years that president Ahmadinejad was in office, the way of transferring petrochemical plants to the private sector harmed production and development in the sector.

The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran.

It is responsible for the development and operation of the country’s petrochemical sector.

Founded in 1964, NPC is the second largest producer and exporter of petrochemicals in the Middle East now.



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