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16 April 2007 - The shares of seven state-owned power plants will be offered to the private sector, according to a British Broadcasting Corporation Monitoring report.

Minister of Energy Parviz Fattah said: "With the approval of the cabinet, the plan for offering the shares of these power plants to the public through the stock market and justice shares will be implemented within the next six months.

Kazem Vaziri-Hameneh, also of the Iranian energy ministry, has announced that once approved by the cabinet, 118 state-owned oil companies will be put forward for privatization. Vaziri-Hamaneh said based on priority, first the petrochemical companies, then the gas and refinery sections, and finally some of companies affiliated to the National Oil Company will be privatized.

On privatizing other parts of the oil industry, Vaziri-Hamaneh said: "Currently seven licenses have been issued for the construction of refineries in the private sector and the government will only own 20 per cent of them in each complex".

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