Middle East Economic Survey

VOL. LII

No 39

28-Sep-2009

IRAN

Iran To Privatize 40% Of Oil Terminals Operator IOTC

The Iranian government announced on 18 September a plan to offer to the private sector 40% of the shares of the Iranian Oil Terminals Company (IOTC), a subsidiary of the National Iranian Oil Company (NIOC). The head of NIOCs privatization working group, Ali Kardour was quoted by Mehr News Agency as saying that NIOC was initially opposed to the transfer, because the terminals are...