"In pursuance of clause 13 of the general policies of the Economy of Resilience, instructed by the Supreme Leader, regarding diversification of the methods of oil sale and private sector participation, as well as implementation of paragraph (H) of Article 4 of the law of the five-year Sixth Development Plan of the country, NIOC is planning to supply one million barrels of crude oil at the export trading floor of the Energy Stock Market of Iran by October 22, and the announcement of the sale will be released through the Energy Stock Market’s website next week,” read a the pre-announcement issued by the company regarding the sale.
Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.