Gov’t to Offer Shares of Refineries via 2nd ETF

Government stakes in four refineries will be put on offer through the second state-controlled exchange-traded fund in the near future, head of the Iranian Privatization Organization said.
Alireza Saleh said the assets would include the government’s remaining stakes in Tehran Oil Refining Company, Esfahan Oil Refining Company, Tabriz Oil Refining Company and Bandar Abbas Oil Refining Company. The government own 20% of shares in each refinery. 
Th new ETF, dubbed as “Oil Refinery Industries”, will make debut before the current calendar month is out on August 21, the IPO website reported.