Sabalan Petrochemical Company was accepted as the first holding company of Petrofarhang on the IFB market
According to the emphasis of the CEO of the Farhangian Reserve Fund, Mr. Dr. Sadeghi, as well as Petrofarhang’s program in line with financial security and transparency, Sabalan Petrochemical Company was accepted as the first subsidiary of the holding company on the IFB market.
The Director of Public Relations and Brand Development of Petrofarhang Holding, today, Wednesday, Shahrivar 5, 1404, announced this news: Fortunately, after repeated follow-ups and planning made in the past year, as well as the macro policies of the Farhangian Reserve Fund, especially the emphasis of the CEO of the Farhangian Reserve Fund, after 18 years and for the first time, one of the subsidiaries of Petrofarhang was accepted on the IFB market.
He added: The request to accept Sabalan Petrochemical shares was raised at the meeting of the IFB Admission Board on Mordad 21, 1404, and its conditional acceptance was agreed upon, making it one of Petrofarhang’s most important programs after years of operational interruption. This was achieved through the efforts of this holding and the Sepehr energy and Sabalan companies to record one of the most fundamental changes and events.
This new opportunity was created following the merger of the Dena project with Sabalan Petrochemical last year, and in the 12 months since then, we have now witnessed this important achievement. Petrofarhang’s program in this regard will continue, and the shares of Iranian Power Plant Process Management Companies (Mafna), Morvarid Petrochemical, and Petrofarhang will be listed on the stock exchange.
Phase 1 of Sabalan Petrochemical was put into operation in 1400, and its second phase will be ready for operation this year, so that the nominal production capacity of this methanol production unit will reach 3 million 300 thousand tons.