Tamin Petroleum & Petrochemical Investment Company

TAPPICO is one of Social Security Investment Co. (SSIC) subsidiaries founded in 1999. Today, its nominal capital is $1.318b.
Having many subsidiaries and affiliate companies in 4 major areas of business including oil and gas, petrochemical, rubber, and cellulose industries, this holding has a significant contribution to Iran’s economy. A wide range of various products also makes TAPPICO one of the most important and major players in this area, both in Iran and in the region.

SSIC’s Petroleum, Gas and Petrochemical Holding Company

Iran is one of the biggest origins of fossil fuels resources (Petroleum and gas) in the world, and possessing such resources has always had impacts on the economy of the country.
Profit stability, private sector’s lack of strength for participation, and the hugeness of most of the projects and active companies in the areas of energy production and exploitation led SSIC to participate in this arena. As a result, one of the most important areas of SSIC’s activity has taken shape in this field for a long time.
In this framework, Tamin Petroleum and Petrochemicals Investment Company (abbreviated as TAPPICO) was formed with the aim of leading one of the biggest energy holdings companies in the country and specifically directing SSIC’s subsidiaries in this area.
TAPPICO is currently the shareholder of 78 managerial and non-managerial firms in petroleum, gas, petrochemical, cellulose and tire industries, and the daily value of its investments at the end of the year 2019 amounted to over 124k billion tomans.
TAPPICO is one of the biggest petroleum, gas and petrochemical holdings companies in the country, which has a remarkable share in the country’s production and employment as well as the role it plays in the capital market. High variety of the products of this group, especially producing 12 salient petrochemicals (called APEX) has made TAPPICO one of the most important companies in the world.

• Vision

Securing the highest degree of sustainable value in the oil, gas and petrochemical industry and to be competitive in the international arena

• Core values:

1. Law-abidance and transparency in performance

2. Meritocracy and adherence to ethical principles

3. Emphasis on creativity, innovation and distinction in decision-making

4. Responsibility and proper accountability to stakeholders

5. Decision-making based on reliable data

•  strategies:

1. Development of cooperation and joint ventures with the most creditable national and international companies on the Tappico’s value chain

2. Development and complementation of value chain, upward and downward

3. Optimization of portfolio, realignment, merger and acquisition both within and beyond portfolio

4. Optimal financing through utilizing the proper methods of domestic and international financial markets

5. Concentration on and Development and market penetration, both domestic and export markets

6. Improvement of economic synergy among Tamin subsidiaries