Agreement between “Afarinesh Holding” and “Setareh Falat” for cooperation in economic activities *

Didarnews – Economic Service:
A group of senior managers of “Afrinish Holding” and “Petrosetareh Falat Oil and Gas Industrial Group” discussed and exchanged information in a meeting on the process of increasing business and investment activities with the aim of “increasing employment” and “supporting national production”. These two economic companies are trying to cooperate in the fields of “logistics” (marine and land transportation), “food industry development”, “trade”, “petro refining” and “mining” by expanding the level of relations between them.

The first topic discussed in the meeting of the two companies was capital market activities with an emphasis on the establishment of a “Capital Supply Company”. In this context, both sides emphasized that there is the ability to establish a capital supply company by providing preparations and short-term and long-term planning, and then take a big step in the direction of activity in the capital market. Therefore, it was decided that the representatives of the two holdings should hold meetings with each other for the establishment of the capital supply company.
In the field of logistics, proposals were made by Afarinesh Holding to launch airline and sea transportation activities, and these two issues were analyzed and discussed in a specialized manner. As a result, the two sides reached initial agreements for cooperation in the field of maritime transportation, and it was decided to hold continuous meetings in this field to expand the level of cooperation.

Considering that Petrosetareh Falat is one of the most famous holdings in the country in the field of petrochemicals and refineries. It should be noted that Afarinesh Holding is also trying to make a long-term investment in this area. The two sides started good discussions to cooperate in the field of petrochemicals, and very useful and specialized tips were raised by the managers of Petrosetareh Falat Holding. Afarinesh Holding and Setareh Falat are looking to have good cooperation in this field soon. In addition, the two companies also examined the cases of cooperation in the field of petro refining products. Afarinesh Holding and Setareh Falat, according to their ability, have defined goals for the import and export of petrochemicals and tools in this field.

Increasing activity in the field of mining was another thing that both sides showed great enthusiasm for cooperation. Considering that in Iran, the process of updating the mining industry and exploration tools has gained more speed, cooperation in this field can provide a suitable basis. The managers of Afarinesh Holding also gave explanations about the expansion of activities and budget allocation for foreign currency and Rial investments in mines. It should be noted that in this meeting, other issues such as “artificial intelligence”, “startups”, “Metaverse”, “various platforms”, and support for “Starlink” were raised between the two parties.

A brief explanation of the Setareh Falat

Petrosetareh Falat Oil and Gas Industrial Group is active in investing in industrial, manufacturing, engineering, commercial, investment, and service companies and uses the available capacities in the country, and has production companies in various industries such as oil, petrochemical, Auto parts, dairy, and food products play a significant role in the country’s production and employment. In recent years, this company has been able to expand to China, India, Brazil, South Africa, United Arab Emirates, Oman, Iraq, Turkey, Romania, Belarus, Georgia, “Armenia”, “Uzbekistan”, “Afghanistan”, “Pakistan” and “Yemen” have been the final destination of the products of the subsidiary companies of Petrosetareh Falat Oil and Gas Industrial Group.

A brief explanation of the Afarinesh Holding

Afarinesh Holding is one of Iran’s largest economic groups that operates in various economic fields. Afarinesh Holding continues its activities to transform the economic model of the country in the field of “private sector entrepreneurship” and relies on the knowledge and experience of capable forces and is trying to identify suitable investment opportunities with a problem-solving approach to create platforms for creating employment. To participate and help achieve these goals, Afarinesh Holding has more than 1,500 experts directly at its disposal.

* This news was published on 20 May 2024, with news code: 165779 in Didarnews.