Petrofarhang Company

Introduction:

Iran has the world`s largest reserves of natural gas and the fourth largest oil reserves in the world. Based on this vital advantage and also Iran`s strategic circumstances in the world`s market, Petrofarhang is prone to invest its financial resources in gas, oil and petrochemicals industries.

Petrofarhang is one of the subsidiary companies of Teachers Investment Fund (TIF), an economic institution founded initially in association with more than 750,000 teachers. Teacher`s contributions are set at about %5 of their monthly salary and an equivalent government budget is paid for TIF annually.

History:

Date of establishment	22-May-08
Form of the Company	Private Joint-stock
Address	6th Fl., No. 10, Attar St., Vanak Sqو Valiasr St., Tehran, Iran

Vision:

To rank among the best 5 oil, gas and petrochemicals holding companies in the next 10 years in Iran.

Shareholder:

Teachers Investment Fund (TIF), Petrofarhang`s shareholder, is founded in 1995 including 750,000 teachers.

Board of directors:

No.	Members of the boards	legal representative	posts
1	Moalem Constructional Company	Hamid Akbari	Chairman of the Board
2	Sarmayeh Gostar Company	Mostafa Taheri Najaf Abadi	vice chairman of the Board
3	Farhangian Leasing and welfare company	Ahmad Azimi	Board member
4	Teachers Investment Funding Company	Mohamad Koliaei	Board member
5	Farhangian Investment Company	Mohamad Javad Sedaghat	Board member

Subsidiary Companies:

Production Units
No.	Company Name	Percentage of Share Held
1	Morvarid	46.50%
2	Khorasan	19%
3	Marun	1%

Projects
No.	Company Name	Percentage of Share Held
1	Middle East Kimia Pars	84%
2	Sepehr Energy Group	51%

Under Construction Complexes
No.	Company Name	Percentage of Share Held
1	Kian	40%
2	Pardis Azarbayjan	57%
3	Mahtab Parsian	100%
4	Aria	100%
5	Lavan	20%
6	Petro Olefin Fanavaran	20%