Assessment of Feedstock Prices in the Oil Industry
As part of the country’s privatization program, 100% of the shares of Saratel Iran Construction and Installation Company were transferred. This company, established in 1977, is fully owned by the Islamic Republic of Iran Broadcasting (IRIB) and operates in the fields of design, supervision, consulting services, and execution of all civil projects as well as building and installation repairs.
The Privatization Organization, after publishing two public auction notices on 20 December 2023 and 27 August 2023 in widely circulated newspapers, offered 100% of the shares of Saratel Iran Construction and Installation Company at a base price of 368,575,005,000 IRR with the payment conditions of 50% in cash and the remainder in installments over two years, with semi-annual payments and an annual interest rate of 23% for the deferred payments.
The shares were offered in accordance with the executive guidelines for selecting strategic customers and verifying and monitoring managerial competence in privatizations. Based on this, the eligibility of the only applicant who participated in the auction was evaluated by the General and Technical Qualifications Review Committee. According to regulations, after confirming the applicant’s eligibility, the buyer’s price proposal envelope was opened by the auction commission, and ultimately, Omran Pars Ayandeh Investment Company was declared the winner of the auction with a proposed price equal to the base price.
According to the auction terms, the applicant must, within 20 working days from the auction date, pay the cash portion of the transaction and submit the necessary documents and evidence for contract finalization.
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