Petrofarhang Company


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%