Pasargad Energy Development Company http://www.pedc.ir RSS feeds for Pasargad Energy Development Company 60 http://www.pedc.ir/media/news/id/6481/sepehr-jufair-oilfields-come-online#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=6481 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6481&PortalID=0&TabID=59 Sepehr, Jufair Oilfields Come Online http://www.pedc.ir/media/news/id/6481/sepehr-jufair-oilfields-come-online Sepehr and Jufair oilfields came on stream on Friday in an official ceremony in Khuzestan Province, southwestern Iran. The ceremony was attended by Iran’s President Ebrahim Raeisi, Oil Minister, Javad Owji, Managing Director of National Iranian Oil Company (NIOC), Mohsen Khojastehmehr, CEO of Bank Pasargad, Majid Ghasemi, and Managing Director of Pasargad Energy Development Company, Alireza Sadeghabadi. “Today, we witnessed such important projects put into operations by competent and noble engineers, consultants and workers which I sincerely appreciate,” said President Raeisi, who attended the ceremony via videoconference. What is being made by Iranian engineers to raise production and gather flare gas is counted an honor for the country, he added. Despite the hard climate conditions in Khuzestan Province as well as unprecedented sanctions against Iran, the people who are employed in the industry have been able to impose their will, Raesi said, adding, “Although the enemy was determined to stop improvement in the country’s production and employment and prevent implementation of the Supreme Leader’s orders, Iranian engineers were able to impose their will on the enemy.” Meanwhile, speaking at the ceremony, Iran’s Oil Minister, Javad Owji, said, “There are nine oilfields in West Karoun region, six of which are shared with Iraq. All these fields are being developed and currently produce 450,000 barrels of oil per day in West Karoun.” The development of Sepehr and Jufair oilfields progressed 15 percent when the incumbent government took office, he noted, saying, “International companies were involved in development of Sepehr and Jufair oilfields many years ago, but they quit the project after a while. Today, the first phase of the project was inaugurated which has a daily production capacity of 50,000 barrels of light oil per day which is suitable for exports.” The project was developed by National Iranian Oil Company and Pasargad Energy Development Company with 414 million dollars of investment made by Bank Pasargad and became operational in a short period of time, Owji said. Today, Iran’s Oil Ministry and Pasargad Energy Development Company held talks and agreed that the company will carry out the development of North Pars Field and the Liquefied Natural Gas (LNG) projects which are to be funded by Bank Pasargad. Furthermore, talking at the ceremony, the CEO of Bank Pasargad, Majid Ghasemi, welcomed President Raeisi and his delegation to the land of sacrifice and martyrdom, saying, “To honor the martyrs of Iran and this region, we are all committed to undertake discovery and production plans of the oilfields situated in Khuzestan Province, which is considered Iran’s economic center due to its rich oil and gas reserves.” You put special emphasis on resistance economy on the day you were in Parliament to obtain a vote of confidence for your cabinet, Ghasemi told President Raeisi, adding, “Given the role I have played in making plans and policies for resistance economy, I would say that the development plan of Sepehr and Jufair oilfields is a clear indication of resistance economy.” Every single policy of resistance economy including adding economic value, currency returns, attracting participation by the society, which is the first clause of resistance economy’s policies, and having knowledge-based and complex fields have been carried out by Iranian engineers while it was thought it would not work, he said. Development of oil and gas projects provides the ground for job creation and adding high value, Ghasemi said, noting, “I would like to take this opportunity to draw the attention of my colleagues engaged in the country’s banking system to their abilities to play a serious role in Iran’s economic development.” Pasargad Energy Development Company has constructed an art school in Hoveyzeh, Khuzestan Province, in order to fulfill its social responsibility, he noted. The development contract of Sepehr and Jufair oilfields was signed under the newly-developed model of oil contracts, dubbed as Iran Petroleum Contract (IPC), in March 2018. It is the first investment and development contract carried out by Iranian companies and private sector, particularly Pasargad Energy Development Company, and operated by Pasargad Exploration and Production Company. Total value of the development contract of Sepehr and Jufair oilfields is 2.8 billion dollars, of which 330 million dollars have been already spent. Oil production from the field will increase to 110,000 barrels per day from the current 50,000 barrels once the development project finalizes. The 12 wells, which have been already drilled, reached the oil reservoir at a depth of 4600 meters in Fahlian layer with over 10,000 psi pressure. admin en Sun, 10 Mar 2024 10:20:00 GMT f1397696-738c-4295-afcd-943feb885714:6481 http://www.pedc.ir/media/news/id/6474/1150-trees-planted-near-pasargad-qeshm-oil-terminal#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=6474 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6474&PortalID=0&TabID=59 1150 Trees Planted near Pasargad Qeshm Oil Terminal http://www.pedc.ir/media/news/id/6474/1150-trees-planted-near-pasargad-qeshm-oil-terminal Hengam Qeshm Industrial Mobilization and Development Company (HQIMDC) has planted 1150 certified mangrove trees near Pasargad Qeshm Oil Terminal in northern part of Qeshm Island. The trees were planted as tokens of appreciation for the HQIMDC’s staff and in line with the social responsibility and environmental protection on the second anniversary of opening Pasargad Qeshm Oil Terminal. Most notably, Pasargad Energy Development Company (PEDC) has already planted mangrove trees near Pasargad Qeshm’s refinery, power plant and terminal in line with its social responsibility to protect environment in Qeshm Island. admin en Wed, 28 Feb 2024 12:28:00 GMT f1397696-738c-4295-afcd-943feb885714:6474 http://www.pedc.ir/media/news/id/6473/pasargad-energy-development-co-wins-top-msr-award#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=6473 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6473&PortalID=0&TabID=59 Pasargad Energy Development Co. Wins Top MSR Award http://www.pedc.ir/media/news/id/6473/pasargad-energy-development-co-wins-top-msr-award Pasargad Energy Development Company (PEDC) has won the gold award of the Eighth Management Social Responsibility Award (MSR Award). admin en Wed, 28 Feb 2024 12:18:00 GMT f1397696-738c-4295-afcd-943feb885714:6473 http://www.pedc.ir/media/news/id/2395/the-iran-petroleum-report-highlights-the-growth-of-oil-production-in-the-west-of-karun-due-to-the-sepehr-jufair-field-development#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2395 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2395&PortalID=0&TabID=59 The "Iran Petroleum" report highlights the growth of oil production in the west of Karun due to the Sepehr-Jufair field development http://www.pedc.ir/media/news/id/2395/the-iran-petroleum-report-highlights-the-growth-of-oil-production-in-the-west-of-karun-due-to-the-sepehr-jufair-field-development Iran Petroleum magazine has published a report on the condition of the Sepehr-Jufair oil field and West Karun oil fields. Throughout this publication, we will find detailed information about the Sepehr-Jufair oil field, which has been developing since the IPC contract was signed in March 2018, as well as its current status, which relies heavily on Iranian management, knowledge, and capital, as the deepest and most challenging oil layer in Iran. Consequently, it has reached many technical records. SuperUser Account Mon, 25 Dec 2023 05:38:00 GMT f1397696-738c-4295-afcd-943feb885714:2395 http://www.pedc.ir/media/news/id/2494/qeshm-movalled-co-supplies-water-to-qeshm-island#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2494 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2494&PortalID=0&TabID=59 Qeshm Movalled Co. Supplies Water to Qeshm Island http://www.pedc.ir/media/news/id/2494/qeshm-movalled-co-supplies-water-to-qeshm-island Qeshm Movalled Company has provided the required water for the city of Loft and 11 villages of Qeshm Island by using its desalination plant. Last year, the Iranian energy minister pledged to supply the water required in Qeshm Island, the Managing Director of Hormozgan Province Water and Wastewater Company, Abdolhamid Hamzehpour said, adding the implementation of water transfer project started with the presence of the governor-general of Hormozgan Province. Moreover, a guaranteed-purchase contract, with 5,000 cubic meters of water supply, was signed in this regard, he added. Transfer of 5,000 cubic meters of water per day from Qeshm Movalled plant has already been planned which can improve drinking water supply to 19,291 residents in Qeshm Island. When operational, desalinated water generation in the town will increase to over 40 percent. The guaranteed-purchase contract to supply 5,000 cubic meters of water per day was signed between Hormozgan Province Water and Wastewater Company and Qeshm Movalled Company in August 2023 which was put into operation very soon. It should be noted that Pasargad Qeshm Integrated Water and Power Plant, with 500 megawatts of capacity, is located on 100-hectare land in Qeshm Island. The power plant, operated by Qeshm Movalled Company, also provides power and utilities for Pars Behin Playesh Naft Qeshm Refinery. Mon, 25 Dec 2023 05:36:00 GMT f1397696-738c-4295-afcd-943feb885714:2494 http://www.pedc.ir/media/news/id/2495/signing-the-largest-renewable-power-plant-contract-in-iran-with-pedc#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2495 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2495&PortalID=0&TabID=59 Signing the largest renewable power plant contract in Iran with PEDC http://www.pedc.ir/media/news/id/2495/signing-the-largest-renewable-power-plant-contract-in-iran-with-pedc PEDC has won a tender to construct and operate 24 solar power plants with a total capacity of 1,500 MW across 12 provinces in Iran. The amount of renewable power plant capacity in this contract is greater than the total capacity of all renewable power plants built in the country, including solar and wind power plants. This contract can be considered the largest one for constructing renewable power plants in Iran. The Iranian Renewable Energy Organization (SATBA) estimates that the construction of these power plants will cost 650,000 euros per MW, and the entire project is close to one billion dollars. PEDC has successfully built and operated Iran's first bifacial solar power plant in Damghan. Mon, 25 Dec 2023 05:36:00 GMT f1397696-738c-4295-afcd-943feb885714:2495 http://www.pedc.ir/media/news/id/2392/the-sharif-university-of-technology-students-visited-the-pasargad-damghan-solar-power-plant-recently#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2392 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2392&PortalID=0&TabID=59 The Sharif University of Technology students visited the Pasargad Damghan solar power plant recently http://www.pedc.ir/media/news/id/2392/the-sharif-university-of-technology-students-visited-the-pasargad-damghan-solar-power-plant-recently Pasargad Damghan Solar Power Plant was visited by students from Sharif University of Technology's Faculty of Mechanics. On the recent visit, the PEDC's PR stated that students were familiarized with the process and components of the 10 MW Pasargad Damghan solar power plant. It is considered the first and most advanced power plant with bifacial panels and solar tracking technology. As part of its social responsibility, PEDC is ready to lead scientific tours for students, addressing local capabilities and strengthening the connection between the university and industry. PEDC has been awarded the contract to build 24 additional solar power plants across 12 provinces in the country following the successful completion of the Pasargad Damghan solar power plant construction. These power plants will have a combined capacity of 1500 MW. SuperUser Account Mon, 25 Dec 2023 05:23:00 GMT f1397696-738c-4295-afcd-943feb885714:2392 http://www.pedc.ir/media/news/id/2497/the-construction-of-14000-square-meters-of-classrooms-in-underprivileged-areas#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2497 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2497&PortalID=0&TabID=59 The Construction of 14,000 square meters of classrooms in underprivileged areas http://www.pedc.ir/media/news/id/2497/the-construction-of-14000-square-meters-of-classrooms-in-underprivileged-areas TEHRAN (PEDC) -- In a commendable showcase of social responsibility initiatives, Pasargad Energy Development Company (PEDC) unveiled its strides in constructing educational facilities spanning 14,000 square meters across underprivileged regions and extending support to children on the autism spectrum. According to Seyyed Hossein Ghavami, the Communications and Brand Development Director of PEDC, the company, in conjunction with its stakeholders, successfully erected these educational institutions. The primary focus remains on concentrated efforts in the educational sector. The initial school, occupying 6,000 square meters of land with a built area of 1,200 square meters, stands in Zeynabi Village on Qeshm Island. Ghavami emphasized the building’s intelligent infrastructure, equipped with educational aids, computers, video projectors, and more. This establishment commenced its educational services in the past year, accommodating 450 elementary students in dual shifts. Furthermore, another school, mirroring the first in dimensions and layout, has been established in Beit Oloumi Village in the Hoveyzeh district, adjacent to the Sepehr and Jufair oil fields. This institution caters to students in two middle school levels and vocational training. Ghavami highlighted the meticulous social studies and comprehensive needs assessments carried out before entering each region. In the case of Hoveyzeh, due to the area's demand for specialized workforce skills and the scarcity of certain expertise, decision-makers determined that students should engage in both middle school education and vocational training. The strategic collaboration with educational authorities in Hoveyzeh paved the way for launching the region's inaugural vocational school for precision instruments. This visionary step aims to equip indigenous students with essential skills, as these instrument tools constitute expensive workshop equipment, lacking a central training hub in the area. Moreover, Ghavami disclosed that around 90 students have already enrolled in the Pasargad High School in Beit Oloumi Village, Hoveyzeh, with an official inauguration ceremony scheduled soon. Notably, the educational institutions built by the Pasargad Energy Development Company aren't merely structural projects. Ghavami stressed that alongside classrooms, these schools feature auxiliary amenities such as assembly halls, workshops, libraries, laboratories, and sports grounds, including an artificial turf football field for Qeshm and a basketball court for Hoveyzeh. Regarding their ongoing project in Ardebil, Ghavami indicated the ongoing construction of a multi-purpose arts center spanning 11,000 square meters, intended to facilitate education across all academic levels. Further details on this endeavor will be released in due course. Continuing support after constructing each school remains integral to the company's strategy, Mr. Ghavami went on to add. Beyond infrastructure development, Ghavami emphasized a serious commitment to educational assistance. For instance, after constructing the Qeshm school, a specialized professional team conducted multiple training sessions for not only the school's staff but also all primary school teachers on Qeshm Island. This aimed to familiarize them with innovative teaching methodologies to enhance student learning experiences. Ghavami highlighted a pivotal aspect of PEDC’s school-building approach—nurturing future engineers and specialists within these educational institutes. Their strategy involves providing scholarships to students attending these schools, aiming to cultivate specialized individuals who can later contribute to projects employing these graduates' skills and knowledge.   Supporting Autistic Children Beyond educational endeavors, Ghavami also touched upon PEDC’s activities in supporting children with autism. Over recent years, in collaboration with the Autism Society of Iran, the energy conglomerate has sponsored the rehabilitation of 150 children aged 3 to 7 with autism spectrum disorder in Khuzestan (southern Iran) and Sistan and Baluchestan provinces (southeast of the country). These efforts encompass occupational therapy, speech therapy, play therapy, and more, enabling some children to integrate into mainstream schools’ post-rehabilitation, he said. He further highlighted the establishment of rehabilitation centers dedicated to children on the autism spectrum. During the 27th International Oil, Gas, and Petrochemical Exhibition in Tehran, paintings depicting Sepehr and Jufair oil fields were auctioned by several companies, yielding a charitable sum of 14,550 million tomans (≈ US$3.1 billion) to support new rehabilitation centers. In a pioneering step, PEDC is spearheading the establishment of Iran's first comprehensive autism center on the Tehran-Karaj highway. This facility aims to provide comprehensive services for individuals with autism and is currently in the initial stages of development. To conclude, Ghavami underscored additional initiatives aligned with PEDC’s social responsibilities, including planting 5,000 seedlings of the Harra tree on the northern side of Qeshm Island, donating stationery to students, and providing water supply to certain villages in Sistan and Baluchestan province. These initiatives reflect the company's dedication to social upliftment and sustainable development. Tue, 19 Dec 2023 08:35:00 GMT f1397696-738c-4295-afcd-943feb885714:2497 http://www.pedc.ir/media/news/id/2390/20-progress-in-the-construction-of-the-hormozgan-petrochemical-complex#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2390 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2390&PortalID=0&TabID=59 20% Progress in the Construction of the Hormozgan Petrochemical Complex. http://www.pedc.ir/media/news/id/2390/20-progress-in-the-construction-of-the-hormozgan-petrochemical-complex  The construction of the first petrochemical complex in Hormozgan Province has made 20 percent progress, said the province’s governor-general. Some 1.6-1.7 billion euros have been invested to construct the petrochemical complex in Hormozgan Province which could create 9,500 job positions once it comes on stream, Mahdi Dousti was quoted by IRNA as saying. Construction of Pasargad Olefins Complex in Parsian Energy Intensive Industrial Special Economic Zone has progressed by 20 percent, he added. The petrochemical complex consists of a plant to produces methanol from natural gas which includes a methanol-to-olefins unit and an olefins-to-polyolefin unit, he noted. Polyethylene and polypropylene are also produced in Pasargad Olefins Complex, he said, adding such polymer products are used in various industries. About 2,500 direct and 7,000 indirect jobs will be created when the complex comes online, Dousti said, noting the complex will also produce 1.6 million tons of methanol per year. Soroush Energy Paydar Company, a subsidiary of Pasargad Energy Development Company, is responsible for constructing the Pasargad Polyolefin Complex in the Parsian Zone. SuperUser Account Sat, 25 Nov 2023 19:47:00 GMT f1397696-738c-4295-afcd-943feb885714:2390 http://www.pedc.ir/media/news/id/2499/50-reduction-in-drilling-time-in-sepehr-jufair-oilfield#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2499 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2499&PortalID=0&TabID=59 50% Reduction in Drilling Time in Sepehr, Jufair Oilfield http://www.pedc.ir/media/news/id/2499/50-reduction-in-drilling-time-in-sepehr-jufair-oilfield The time it takes to drill a well in Sepehr and Jufair Oilfield has been reduced by 60 percent, the drilling engineering manager at Pasargad Exploration and Production Company said. The time for drilling a well in Sepehr and Jufair Oilfield, located in the Fahlian reservoir layer, has been reduced from 333 days to 90 days, Mohammad Reza Afsharian said on the sidelines of a press visit to the field. The depth of the oil wells drilled in the Fahlian layer ranges from 4,600 to 4,650 meters, he said, adding 60,000 meters of wells have already been drilled in Sepehr and Jufair Oilfield. All 12 wells drilled in the oilfield are high-pressure high-temperature and their pressure is 10,000 psi, he said, adding all environmental measures have been taken into account in the drilling operation of the field. We have used Iranian raw materials which helped to reduce the costs by 30 percent, Afsharian noted. Sat, 25 Nov 2023 19:43:00 GMT f1397696-738c-4295-afcd-943feb885714:2499 http://www.pedc.ir/media/news/id/2388/sepehr-jufair-collective-output-reaches-450000-barrels#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2388 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2388&PortalID=0&TabID=59 Sepehr, Jufair Collective Output Reaches 450,000 Barrels http://www.pedc.ir/media/news/id/2388/sepehr-jufair-collective-output-reaches-450000-barrels The collective oil output from Sepehr and Jufair Oilfield reached 450,000 barrels a month since the field began production. Sepehr and Jufair Oilfield, located in Khuzestan Province, produces a daily average of 21,000 barrels of oil, Pasargad Energy Development Company quoted Tasnim News Agency as saying. Sepehr and Jufair Oilfield is the first field developed under the Iran Petroleum Contract (IPC). Oil production from the field started about one month ago and 450,000 barrels of oil have already been produced. Ten out of 12 production wells have already been drilled and drilling of the remaining two wells is underway. Oil production from the field reached 24,000 barrels per day (bpd). However, its average production stands at about 21,000 bpd which is expected to rise to 50,000 bpd. National Iranian Oil Company (NIOC) and Pasargad Energy Development Company signed an agreement in March 2018 to develop the Sepehr and Jufair Oilfield. Upon the agreement, the field will produce 36,000 bpd in the first phase which will increase to 110,000 bpd by the end of the second phase and to 540,000 bpd within 20 years, through 2.8 billion dollars of investment. SuperUser Account Sat, 25 Nov 2023 19:36:00 GMT f1397696-738c-4295-afcd-943feb885714:2388 http://www.pedc.ir/media/news/id/2501/sepehr-jufair-oilfield-output-to-rise-to-50000-bpd#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2501 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2501&PortalID=0&TabID=59 Sepehr, Jufair Oilfield Output to Rise to 50,000 bpd http://www.pedc.ir/media/news/id/2501/sepehr-jufair-oilfield-output-to-rise-to-50000-bpd Sepehr, Jufair Oilfield Output to Rise to 50,000 bpd Iran started oil production from Sepehr and Jufair Oilfield and its output is expected to increase to 50,000 barrels per day. Oil production from Sepehr and Jufair Oilfield began following the drilling of 10 production wells, Pasargad Energy Development Company quoted Mehr News Agency as saying. The production from Sepehr and Jufair Oilfield started following the drilling of the deepest oil well in Iran, with 4,600 meters of depth. Ten out of 12 production wells have already been drilled and drilling of the remaining two wells is underway. Sepehr and Jufair Oilfield produces a daily average of 21,000 barrels of oil which is expected to reach 50,000 barrels per day (bpd). The drilling process in the field, located in the Fahlian reservoir layer, takes 90 days, down from the earlier 333 days, said the Drilling Engineering Manager at Pasargad Exploration and Production Company, the developer of Sepehr and Jufair Oilfield, Mohammad Reza Afsharian, on the sidelines of a press visit to the field. The depth of the oil wells drilled in the Fahlian layer ranges from 4,600 to 4,650 meters, he said, adding 60,000 meters of wells have already been drilled in Sepehr and Jufair Oilfield. All 12 wells drilled in the oilfield are high-pressure high-temperature and their pressure is 10,000 psi, he said, adding all environmental measures have been taken into account in the drilling operations of the field. National Iranian Oil Company (NIOC) and Pasargad Energy Development Company signed an agreement in March 2018 to develop the Sepehr and Jufair Oilfield. Upon the agreement, the field will produce 36,000 bpd in the first phase which will increase to 110,000 bpd by the end of the second phase and to 540,000 bpd within 20 years, through 2.8 billion dollars of investment. Sat, 25 Nov 2023 19:32:00 GMT f1397696-738c-4295-afcd-943feb885714:2501 http://www.pedc.ir/media/news/id/2363/pars-behin-selected-as-top-capital-goods-exporter-in-qeshm-free-zone#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2363 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2363&PortalID=0&TabID=59 Pars Behin Selected as Top Capital Goods Exporter in Qeshm Free Zone http://www.pedc.ir/media/news/id/2363/pars-behin-selected-as-top-capital-goods-exporter-in-qeshm-free-zone Pars Behin Palayesh Naft Qeshm Company was chosen as the best capital goods exporter in Qeshm Free Zone. Pars Behin Palayesh Naft Qeshm Company, with 17.5-million-dollar worth of exports, was selected as the best firm in exporting capital goods in Qeshm Free Zone during a ceremony marking the National Day of Industry and Mine, the company’s public relations announced. Nineteen top industrial companies and two top mining firms in Qeshm Free Zone were honored during the ceremony, hosted by Qeshm Free Zone Organization and the Economic and investment department. Meanwhile, the Managing Director of Pars Behin Palayesh Naft Qeshm Company, Hamed Doshmanfana, was recognized as the best industrial expert in the Iranian calendar year 1402 (ending March 19, 2023) during the ceremony, attended by the Chief Executive Officer of Qeshm Free Zone Organization, Adel Peighami, the Governor-General of Qeshm Island, Mohammad Mohammad-Hosseini, the Prosecutor General of Qeshm Island and some experts. Pars Behin Palayesh Naft Qeshm, a subsidiary of Pasargad Energy Development Company (PEDC), is an ultra-heavy oil refinery that came online by Iran’s president in the winter of 2022. The refinery mainly produces various grades of bitumen as well as hydrocarbon products. The company has recently announced it started producing bitumen AH-70 suitable for international markets for the first time in Iran. Currently, there are 216 industrial and manufacturing units in Tola, Fajr, and Kaveh Industrial Cities, creating 6500 job opportunities in Qeshm Island. SuperUser Account Wed, 16 Aug 2023 10:55:00 GMT f1397696-738c-4295-afcd-943feb885714:2363 http://www.pedc.ir/media/news/id/2503/rt-report-from-pasargad-damghan-solar-power-plant#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2503 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2503&PortalID=0&TabID=59 RT report from Pasargad Damghan solar power plant http://www.pedc.ir/media/news/id/2503/rt-report-from-pasargad-damghan-solar-power-plant The English section of the Russian state television, RT, reports on the Pasargad Damghan solar power plant, describing this project as a symbol of Iran's ambitious plan to increase its solar power generation capacity in the coming years. According to the RT Reporter: The Pasargad Damghan Solar Power Plant is one of the most advanced facilities built in Iran, which shows Despite the sanctions, Iran has taken great steps to increase its solar power generation capacity. This power plant is constructed in two phases, including the first phase with a capacity of two megawatts with a fixed structure and one-way panels, and the second phase with a capacity of eight megawatts, equipped with a solar tracking system and bifacial panels that increase the power of absorbing sunlight. Pasargad Damghan Solar Power Plant, as a subsidiary of Pasargad Energy Development Group, is considered the first bifacial power plant equipped with a solar tracking system with an internal design in Iran.   Wed, 16 Aug 2023 10:05:00 GMT f1397696-738c-4295-afcd-943feb885714:2503 http://www.pedc.ir/media/news/id/2335/iranian-solar-power-plant-sets-new-national-records#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2335 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2335&PortalID=0&TabID=59 Iranian Solar Power Plant Sets New National Records http://www.pedc.ir/media/news/id/2335/iranian-solar-power-plant-sets-new-national-records DAMGHAN, Iran (PEDC) - A solar power plant in Damghan, Iran, has set new national records for monthly and daily energy production, according to its operator. The Taban Pasargad Damghan power plant produced 2,440 megawatts in May, breaking the previous record of 2,290 megawatts held by a 10-megawatt solar power plant equipped with a sun-tracking system in Yazd province, Yaser Mirzaei, CEO of Taban Energy Pasargad Development Company, said in a statement. The plant also generated more than 100 megawatts on May 5, setting a new record for daily energy production by a solar power plant in Iran. The previous record was 90 megawatts by the same plant in Yazd. Mirzaei said the new records were achieved despite the fact that the solar radiation in Yazd province was about 5 percent higher than in Semnan province, where the Taban Pasargad Damghan power plant is located. The power plant consists of two phases: the first phase has a capacity of two megawatts with fixed structures and single-sided panels, and the second phase has a capacity of eight megawatts with a sun-tracking system and bifacial panels. Mirzaei said the second phase of the plant was the first bifacial solar power plant with a sun-tracking system and domestic design in Iran, which increased its energy production by about 50 percent compared to similar solar power plants with fixed structures. محسن امیری Tue, 06 Jun 2023 15:08:00 GMT f1397696-738c-4295-afcd-943feb885714:2335 http://www.pedc.ir/media/news/id/2504/scidc-recognized-as-best-hse-firm-in-sistan-baluchistan#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2504 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2504&PortalID=0&TabID=59 Scidc Recognized as Best HSE Firm in Sistan, Baluchistan http://www.pedc.ir/media/news/id/2504/scidc-recognized-as-best-hse-firm-in-sistan-baluchistan TEHRAN (PEDC) - Sina Chemical Industries Development Company (SCIDC) was selected as the best HSE company in Sistan and Baluchistan province and its QHSE manager Reza Radmehr was chosen as the best HSE manager of the province the last year. According to a statement by Pasargad Energy Development Company, the parent company of Sina Chemical Industries Development Company, the appreciation ceremony for the best HSE managers of Sistan and Baluchistan province was held on the occasion of the Labor and Worker Week and the World Day for Safety and Health at Work. Hamed Aramesh, director general of the Department of Cooperatives, Labor, and Social Welfare of the province, presented a plaque of appreciation and a memorial statue to Radmehr at the ceremony. Sina Chemical Industries Development Company is responsible for the Pasargad Polyolefin Complex project, which uses natural gas as feedstock to produce methanol. Methanol is then converted into light olefins through MTO technology. Light olefins, including ethylene and propylene, are among the most important feedstocks for plastic production units. Polyethylene and polypropylene are the major final products of this complex, which are produced in various grades using ethylene and propylene feedstocks. The project is located in Chabahar Free Zone in Sistan and Baluchistan province. The company congratulated this achievement to all its employees and managers and appreciated the support and efforts of its CEO Morteza Ebrahimi and the endeavors of its HSE manager Radmehr.   Sun, 21 May 2023 15:31:00 GMT f1397696-738c-4295-afcd-943feb885714:2504 http://www.pedc.ir/media/news/id/2341/vice-presidency-energy-group-sign-200m-deal-on-knowledge-based-economy#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2341 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2341&PortalID=0&TabID=59 Vice Presidency, Energy Group Sign $200m Deal on Knowledge-Based Economy http://www.pedc.ir/media/news/id/2341/vice-presidency-energy-group-sign-200m-deal-on-knowledge-based-economy TEHRAN (PEDC) - The Vice Presidency for Science, Technology and Knowledge-based Economy of Iran and Pasargad Energy Development Company signed a $200 million cooperation agreement to develop a knowledge-based economy in the upstream value chains of oil. The agreement was signed at the Tehran International Oil, Gas, Refining and Petrochemical Exhibition in the presence of Dr. Hassan Khojasteh Mehr, CEO of National Iranian Oil Company, and Dr. Dehghani Firoozabadi, Vice President for Science and Technology. Dr. Mashayekh, Deputy for Knowledge-based Economy Development of the Vice Presidency for Science and Technology, said after signing the agreement that the agreements that were signed today were targeted and with specific boundaries, numbers, and figures and that a working group would be formed for each issue to turn the agreements into contracts. Dehghani Firoozabadi said that the approach of the Vice Presidency for Science and Technology was to define the market, study, and research before starting the work of the knowledge-based sector in any field so that when the product was achieved, it would not look for a market. He said that two-thirds of the activities of the Vice Presidency were dedicated to market-oriented programs and market supply, and said: "If we can create a guaranteed purchase and provide a capable company, we will have a capital supply about the high added value." Dr. Khojasteh Mehr, CEO of the National Iranian Oil Company, also said in his speech at the ceremony that they were taking steps in a path that would turn the important issues and challenges of the oil industry into technological issues. He said that today they witnessed an important event, and said: "The Vice Presidency for Science and Technology has provided a lot of help in making knowledge-based production and we have had good cooperation with the Vice Presidency in recent years." He said that this year's exhibition slogan was also "technological production, optimal consumption," and said: "The agreements that were signed today are like contracts and this means that we have done technical and economic studies on these agreements. The more domestic production flourishes and the maximum use of knowledge-based companies is made, the more production will grow and production growth will increase income, which will have a significant impact on curbing inflation." محسن امیری Sat, 20 May 2023 15:28:00 GMT f1397696-738c-4295-afcd-943feb885714:2341 http://www.pedc.ir/media/news/id/2506/iran-oil-firm-university-sign-agreement-on-geomechanical-study#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2506 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2506&PortalID=0&TabID=59 Iran Oil Firm, University Sign Agreement on Geomechanical Study http://www.pedc.ir/media/news/id/2506/iran-oil-firm-university-sign-agreement-on-geomechanical-study TEHRAN (PEDC) - Pasargad Exploration, Development and Production Company, an Iranian oil company, signed a cooperation agreement with Amirkabir University of Technology on "geomechanical and laboratory study of hydraulic fracturing and cement quality improvement". The agreement was signed at the Tehran International Oil, Gas, Refining, and Petrochemical Exhibition at the booth of Pasargad Energy Development Company, the parent company of Pasargad Exploration, Development, and Production Company. Dr. Amiri, deputy of research at Amirkabir University of Technology, said after signing the agreement that the cooperation between industry and university was very important, and said: "Pasargad Company has shown its interest in collaborating with the university and we are also trying to meet the needs of the industry and society." Dr. Shad, CEO of Pasargad Exploration, Development, and Production Company, said: "The agreement that was signed is a serious one that is needed for the national project of Sepehr-Jufair fields. We want to use the accumulated knowledge in the university and take a step towards developing research cooperation with the university." Sepehr-Jufair is two onshore oil fields in southwest Iran with around 4.5 billion barrels of oil-in-place. The development contract for these fields was awarded to Pasargad Energy Development Company by the National Iranian Oil Company in 2017. The project involves exploration, drilling more than 130 wells, development of underground and surface facilities, and operation at a rate of 110,000 barrels per day. The Tehran International Oil Exhibition is one of the largest oil exhibitions in West Asia and the world, which showcases the capabilities and achievements of Iran's oil industry.   Sat, 20 May 2023 15:26:00 GMT f1397696-738c-4295-afcd-943feb885714:2506 http://www.pedc.ir/media/news/id/2339/iran-energy-group-highlights-tech-role-in-oil-value-chain#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2339 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2339&PortalID=0&TabID=59 Iran Energy Group Highlights Tech Role in Oil Value Chain http://www.pedc.ir/media/news/id/2339/iran-energy-group-highlights-tech-role-in-oil-value-chain     محسن امیری Sat, 20 May 2023 15:21:00 GMT f1397696-738c-4295-afcd-943feb885714:2339 http://www.pedc.ir/media/news/id/2508/iran-engineering-firm-signs-deal-with-wellhead-equipment-maker#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2508 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2508&PortalID=0&TabID=59 Iran engineering firm signs deal with wellhead equipment maker http://www.pedc.ir/media/news/id/2508/iran-engineering-firm-signs-deal-with-wellhead-equipment-maker TEHRAN (PEDC) - Iranian engineering firm Pejvak Energy Services Company signed a deal with Wellhead Technology Equipment Company (WETCO) to manufacture a set of wellhead equipment for a project in Qezel Tappeh Field. The deal was signed on the last day of the Tehran International Oil, Gas, Refining, and Petrochemical Exhibition at the booth of Pasargad Energy Development Company, a well-known Iranian energy group and the parent company of Pejvak Energy Services Company. According to the deal, WETCO will produce a set of wellhead equipment for the Qezel Tappeh project with a working pressure of 15,000 psi and a reservoir temperature of 340 degrees Fahrenheit. Pejvak Energy Services Company was established in 2004 as an engineering services company and changed its mission to a contracting company for integrated engineering, operations, and procurement projects in 2018, in line with the country's oil industry approach. The Tehran International Oil Exhibition is one of the largest oil exhibitions in West Asia and the world, which showcases the capabilities and achievements of Iran's oil industry. Sat, 20 May 2023 15:18:00 GMT f1397696-738c-4295-afcd-943feb885714:2508 http://www.pedc.ir/media/news/id/2337/iranian-oil-firms-raise-funds-for-autism-association-by-selling-paintings#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2337 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2337&PortalID=0&TabID=59 Iranian Oil Firms Raise Funds for Autism Association by Selling Paintings http://www.pedc.ir/media/news/id/2337/iranian-oil-firms-raise-funds-for-autism-association-by-selling-paintings TEHRAN (PEDC) - Iranian oil companies raised 14.5 billion rials ($345,238) for the Iran Autism Association by selling paintings made of oil and bitumen at the Iran International Oil Exhibition. The initiative was launched by Pasargad Energy Development Company, a well-known Iranian energy group, in line with its corporate social responsibility, according to a statement by the company. Six oil companies participated in the charity event by buying paintings that were drawn with oil from the Sepehr-Jufair field and bitumen from the Pasargad Qeshm refinery, two projects of Pasargad Energy Development Company. On the last day of the exhibition, two paintings were sold for five billion rials ($119,048) to Havayar Company and eight billion rials ($190,476) to Rose Catalyst Arvand City Company, the exclusive representative of China's Rezel Catalysts Corporation in Iran. In the previous days, three paintings were sold for 250 million rials ($5,952), one billion rials ($23,810), and 300 million rials ($7,143) to Dana Energy Company, Fateh Sanat Company and Well Services of Iran Company respectively. The proceeds of the sales were donated to the Iran Autism Association, which supports children with autism spectrum disorder. In addition, Pishro Group Company announced that it would build and equip a smart school exclusively for autistic children. After the sale of the paintings on the final day of the exhibition, Dr. Ghaffari, director of the Iran Autism Association, presented paintings by mothers of autistic children and appreciation plaques to the buyers and Alireza Sadeqabadi, CEO of Pasargad Energy Development Company, as the organizer of the program. She also introduced them as honorary ambassadors of autism. محسن امیری Sat, 20 May 2023 15:16:00 GMT f1397696-738c-4295-afcd-943feb885714:2337 http://www.pedc.ir/media/news/id/2510/iran-energy-group-signs-deal-with-chinese-firm-to-develop-petchem-tech#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2510 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2510&PortalID=0&TabID=59 Iran Energy Group Signs Deal with Chinese Firm to Develop Petchem Tech http://www.pedc.ir/media/news/id/2510/iran-energy-group-signs-deal-with-chinese-firm-to-develop-petchem-tech TEHRAN (PEDC) - Iranian energy group Pasargad Energy Development Company signed a deal with China's Rezel Catalysts Corporation and its Iranian representative Shahre Catalyst Rose Arvand Company to establish a joint venture to develop petrochemical technology. The deal, signed on the last day of the Iran International Oil Exhibition, aims to provide licenses and technical savvy to complete the value chain of the oil and petrochemical industry in Iran, according to a statement by Pasargad Energy Development Company. The joint venture, named Arman Pasargad Energy Technology Development Company, will be the first in Iran to own licenses for the value chain, the statement said. Sadeqabadi, the CEO of Pasargad Energy Development Company, said the strategic partnership with Rezel would enable them to jointly produce sensitive equipment and technology for downstream units, petrochemicals and refineries in the Middle East market, leading to the development of the petrochemical industry in Iran. The representative of Rezel China expressed hope that the deal would lead to more extensive and long-term cooperation with Iranian companies in the future. Kaabi, the CEO of Shahre Catalyst Rose Arvand Company, said they would develop domestic production with the help of foreign partners and localize the value chain technology. Sat, 20 May 2023 15:11:00 GMT f1397696-738c-4295-afcd-943feb885714:2510 http://www.pedc.ir/media/news/id/2291/live-performance#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2291 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2291&PortalID=0&TabID=59 Live performance http://www.pedc.ir/media/news/id/2291/live-performance Live performance of Sepehr-Jufair Oil Fields painting at Pasargad Energy Development Holding's booth - this painting will be auctioned at the end of each day for the benefit of autism children.   [MEDIA:autis live painting] محسن امیری Tue, 16 May 2023 14:06:00 GMT f1397696-738c-4295-afcd-943feb885714:2291 http://www.pedc.ir/media/news/id/2524/holding-a-training-workshop-at-the-pasargad-energy-development-company-booth#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2524 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2524&PortalID=0&TabID=59 Those who are interested can visit Pasargad Energy Development company's booth. http://www.pedc.ir/media/news/id/2524/holding-a-training-workshop-at-the-pasargad-energy-development-company-booth Pasargad Energy Development company organizes an educational workshops at the 27th International Oil, Gas, Refining and Petrochemical Exhibition. Those who are interested can visit Pasargad Energy Development company's booth. Sun, 14 May 2023 07:39:00 GMT f1397696-738c-4295-afcd-943feb885714:2524 http://www.pedc.ir/media/news/id/2523/5th-oilympics-steering-committee-holds-1st-meeting#Comments 0 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=59&ModuleID=543&ArticleID=2523 http://www.pedc.ir/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2523&PortalID=0&TabID=59 5th Oilympic’s Steering Committee Holds 1st Meeting http://www.pedc.ir/media/news/id/2523/5th-oilympics-steering-committee-holds-1st-meeting The Fifth Petroleum Engineering Olympiad (Oilympic) steering committee held its first meeting on Sunday May 7, 2023. Hosted by Iran’s Ministry of Petroleum, the meeting was aimed at presenting a summary report on the Fourth Oilympic and introducing the programs for the Fifth Oilympic. Vahid-Reza Zeidifar, deputy minister of petroleum for engineering, research and technology, Rasool Jalili, president of Sharif University of Technology, Mohammad Chahardowli, director of research affairs at Iran’s Ministry of Petroleum, and Saeed Jamshidi, chairman of the Chemical and Petroleum Engineering Department of Sharif University of Technology were among the speakers of the meeting, according to the Secretariat of the Petroleum Engineering Olympiad quoted by public relations of Pasargad Energy Development Company. The meeting, attended by the CEOs and managing directors of prominent exploration and production companies, service providers and private sector contractors, included a summary report on the Fourth Oilympic as well as discussions about the major goals and programs of the Fifth Oilympic. It should be noted that the Fifth Petroleum Engineering Olympiad will be held within Iran’s National Elites Foundation’s Shahid Babaei Plan and supported by Iran’s Ministry of Petroleum, Iran’s Vice Presidency for Science, Technology and Knowledge-based Economy, Iran’s Ministry of Science, Research and Technology, the Islamic Parliament Research Center (IPRC), National Iranian Oil Company, and Iranian Oil Industry Ventures (IOIV). Mon, 08 May 2023 10:38:00 GMT f1397696-738c-4295-afcd-943feb885714:2523