Shares of Mideast’s Largest GPP to Be Floated

The government is looking to float the shares of the Middle East’s largest gas processing plant (GPP), the chairman of Tamin Petroleum and Petrochemical Investment Company said on Tuesday.
“President Hassan Rouhani has ordered to prepare Persian Gulf Star Refinery for listing on the equity market. The process is currently underway in cooperation with the Social Security Organization and Social Security Investment Company,” said Mahmoud Makhdoumi, whose company owns the majority stake in the refinery.