Pasargad Energy, IOIV signs financing agreement

Pasargad Energy Development Company (PEDC) and Iranian Oil Industry Ventures (IOIV) signed a financing agreement for certificate of deposit for specific investment on Thursday on the first day of the 29th International Oil, Gas, Refining, and Petrochemical Exhibition, also known as Iran Oil Show 2025.
Under the agreement, the IOIV will allocate up to 10,000 billion rials to Pasargad Energy Development Company to issue certificate of deposit for specific investment in Iran’s bank network.
Managing Director of Pasargad Energy Development Company, Alireza Sadeghabadi, and the CEO of Iranian Oil Industry Ventures (IOIV), Hamid Heidari, inked the agreement at the IOIV’s booth at Iran Oil Show 2025.