Selling off the family silver in Iran

The NPC was founded by my father Mr Bagher Mostofi. The company is now being sold off to the varoius Ayatollah trusts to have more control. The Ayatollah state has little funds with most of the money going to useless nuclear plans. NPC is a prime example of downstream operations, and derivatives, that add value to raw oil. NPC was to be the biggest earner for Iran. It has taken a lot hard work for the engineers to "keep the mullah away" as it were. Now they want the IRGC and their poodles to get their teeth in it.

in reference to:

"“A big share of NPC will probably be sold to the state’s pension funds but they want international investors and may be willing to sell a majority. Asian companies, perhaps the Chinese, Koreans or Japanese would be interested,” said the source, adding that US and European chemical companies would find it hard to participate because of political pressure."
- Iran restarts privatisation of NPC, may sell majority stake - source (view on Google Sidewiki)

It's seven years

Lives in Brief | Times Online Obituary: "Bagher Mostofi, managing director of the Iran Petrochemical Company, 1964-79, was born in Tehran on March 27, 1918. He died in London on December 14, 2002, aged 84.

Bagher Mostofi played an important role in the development, and eventually the nationalisation in the mid-1950s, of the Iranian oil industry. Having studied with a scholarship from the Anglo-Iranian Oil Company at Imperial College, London, he was appointed a director of the newly established Iran Oil Company in 1947, responsible for exploration and drilling for oil. He was appointed managing director in 1953, and soon afterwards the company made a major strike in the Alborz-Sarajeh area, south of Tehran.

When the industry was nationalised Mostofi was appointed to be a director of the National Iranian Oil Company. He took over as the managing director of its subsiduary, Iran Petrochemical Company, in 1964. His knowledge of the Iranian oil industry and his tireless efforts to preserve and promote the country’s natural resources were among his most valuable contributions.

Mostofi came from a long line of court accountants and scribes, well educated and reared in Persian literature. After schooling in Tehran he read petroleum engineering at the University of Birmingham, where he was the first foreign student to win the Cadman medal.

When the Shah was overthrown in 1979, Mostofi was in Europe for medical reasons. He decided to stay in the West, settling in London and acting as adviser to a number of companies."

Bagher Mostofi with his medals

His Imperial Majesty, Mohammad Reza Pahlavi, allowed my father to leave for a medical operation, in November 1978, for just a few weeks. Even then we never suspected HIM leaving so soon afterwards in January 16th 1979.

Anyway, one of the problems we all have, is getting photos of the past. This one, I took when I was a kid, when he was on his way to the annual Salam with the Shahanshah. I then took a picture of that picture as an experiment, and it remained in my camera in London. You can see my reflection.

In Memory of Bagher Mostofi

He was a great man who contributed to humanity. He pushed forward the need for civilization, and nearly 100 million people have benefited from his deeds.

Please contribute your thoughts diligently and sincerely for all. You can post messages, photographs.

Thank you from the Mostofi Family.

Interview with him:

https://fis-iran.org/fa/resources/development-series/petrochemical/part1