Iran to place two major oil companies at stock exchange

Oil&Gas Materials 11 October 2011 13:43 (UTC +04:00)

Azerbaijan, Baku, Oct. 11/Trend A. Gurbanova/

The shares of Iranian two major oil companies will be traded at the Tehran Stock Exchange on October 17, ISNA reported.

Tabriz Refinery Co and Fanavaran Petrochemical Company will sell 11.5 percent and 5.4 percent of their shares.

Tamin Oil and Gas Investment Company will place 225.107 million shares from Tabriz refinery at Tehran Stock Exchange at a base price of $240.

Meantime, Parsian Oil and Gas Distribution Company will sell 51.425 million shares of Fanavaran Petrochemical Company at a base price of $860.