About Company:
Persian Gulf Petrochemical Industries Company (PGPIC) was established in October 2008 in line with
the implementation of Article 44 of the Constitution, on the basis of Authorization 161681 of transferring
commission. It obliged the transfer of shares of 15 petrochemical companies consisting of Bandar Imam,
Shahid Tondgoyan, Buali Sina, Nouri, Pars, Arvand, Khusitan, Fajr, Mobin, Rahavaran Fonoon, Mahshahr
non industrial operations, Pazargad non industrial operations, Petrochemical Industrial Development
Management (PIDMCO), NPC International, and Petrochemical Commercial Company (PCC). PGPIC
formation sought to maintain the integrity of the Iranian petrochemical industry and obtaining the objectives
of 2025 Iran vision plan.
The company has been transferred to the private sector in three stages. 40% of its shares were allocated
to provincial investment companies according to the cabinet authorization in July 2009 as Justice Shares.
In the first stage, 5% of shares were transferred to Tehran Stock Exchange in April 2013 for price discovery.
In the second stage 17% of its shares were transferred by auction to NIOC pension and saving fund in June
013. Therefore 62% of shares are held by the private sector and non-governmental organizations. PGPIC
hos been separated from government sector since June 2013, acting as the country's largest petrochemical
holding with more than 22 million tons capacity which is 40% of Iran's petrochemicals entire output and with
.150,000 billion Rials capital, entered the private sector as the largest and the most important member of the
tock exchange holding 11 % of its shares. In the third stage, 17% of the company's shares were offered
In March 2014 which in 50% block purchased equally by Oil, Gas & Petrochemical Investment Supply
(Tapico) and the NIOC Pension Fund.
