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.
Major Goals and Objectives
- Improving economic efficiency and sustainable profitability
- Improving the stakeholders’ satisfaction
- Empowering human resource
- Increasing investments and developing partnerships
- taking social responsibilities
- Increasing market share
Petrofarhang is one of the subsidiary companies of Teachers Investment Fund (TIF), an economic institution founded initially in association with 750,000 teachers. Teacher`s contributions are set at %5 of their monthly salary and an equivalent government budget is paid for TIF annually.