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Oil, Gas Key in Development of All Sectors: MP

 Oil, Gas Key in Development of All Sectors: MP

Wednesday، 06 March 2019 | Article Rating

TEHRAN (Shana) -- Spokesperson of the Iranian parliament’s energy committee said oil and gas were key in the development of all industrial sectors in the country.

Speaking to Shana, Asadollah Gharehkhani said despite all the challenges, several important phases of South Pars gas field came online by the administration indicating the wisdom of the Iranian Ministry of Petroleum.

He said Iran’s gas production had increased under Rouhani administration, which resulted in supply of the item to various parts of the country.

The MP revered the National Iranian Gas Company (NIGC) for distribution of gas to villages and cities of the country under the sanctions, adding this was one of the greatest achievements of the petroleum ministry.

He further stated that inauguration of three phases of Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery) was important.

The facility is fed by gas condensate and produces Euro-5 petrol.

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.​

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