The new cooperative comes after years of ups and downs in housing
initiatives within the oil sector. Ministry officials emphasized that the
cooperative will operate under strict legal frameworks, formal approvals, and
full oversight, with the goal of easing homeownership for hundreds of thousands
of employees.
Hamidreza Rezvani-Pour, CEO of the cooperative, told local media that
all decisions and actions would follow clear legal guidelines and regular
reporting to members. “Transparency is not a slogan but an operational
requirement. Trust of employees is our most valuable asset, and it can only be
preserved through full transparency,” he said.
The cooperative’s board of directors includes Jalal Mirzaei as
chairman, Nasrollah Zarei as vice chairman, and Rezvani-Pour as CEO, alongside
other senior officials from the ministry and affiliated organizations.
The cooperative has defined two main strategies for housing provision.
The first involves implementing agreements between the Ministries of Petroleum
and Roads and Urban Development, based on national housing production laws. The
second focuses on Tehran, where land scarcity necessitates strategic land
purchases.
In its initial phase, the program will prioritize Khuzestan and Tehran
provinces, reflecting the concentration of oil industry personnel, though
officials stressed the initiative is nationwide in scope and will expand to
other provinces over time.