EIED

What EIED does

EIED (Energy Industries Engineering & Design Co.) is a Tehran-headquartered, privately held engineering and construction firm specializing in Iran's oil, gas, and petrochemical (OGP) industries. Founded in 1996 as the engineering arm of OIEC (Oil Industries Engineering and Construction), EIED traces its operating history to 1989 and today employs 1,100+ engineers and technical staff executing up to 25 concurrent projects. The company's service portfolio spans the full project lifecycle — feasibility study, conceptual design, basic design, FEED, detail engineering, procurement, construction management, site supervision, commissioning, and full EPCC contract execution — for refineries, petrochemical plants, gas processing facilities, NGL recovery plants, gas compression stations, and pipeline systems. Notable executed and ongoing projects include South Pars Gas Field Development Phases 9, 10, 17, 18, 20, 21; Tabriz Refinery Gasoline Production Plant (20,000 BPSD); Ilam HDPE Plant (300,000 t/y); Tabriz HDPE Plant (310,000 t/y); Kangan C2 Recovery and Fractionation; and Dehloran Petrochemical polymer complexes.

EIED's revenue model is project-based, with primary income generated through multi-year EPCC lump-sum contracts and EPCM/PMC professional services engagements awarded via formal tender and direct negotiation with Iranian state-owned oil, gas, and petrochemical enterprises. The customer base of 40+ entities includes National Iranian South Oil Company (NISOC), Pars Oil & Gas Company (POGC), Iranian Gas Engineering & Development Co. (IGEDC), and major petrochemical complexes (BIPC, Ilam, Tabriz, Dehloran, Kangan/KPRC). The company holds ISO 9001, 14001, 45001, 29001, and 21502 certifications plus Iranian Ministry of Petroleum HSE-MS, the IPMA-DELTA Level-4 organizational competency certificate (first in Iran), and a 2022 IPMA Silver Award. EIED leverages industry-standard engineering tools (PDMS for 3D plant modeling, process simulation, fixed equipment design) alongside its own internal software (Didgah office automation, KM platform, Homa service portal) and an in-house knowledge base accumulated over three decades. The firm is currently executing a strategic shift toward indigenous process design packages, technology localization (via MoUs with Sharif University, Karoun Petrochemical, and PGEIT), and digital transformation under a recently appointed CEO.

Name

EIED

Legal name

Energy Industries Engineering & Design Co. (EIED)

Website

https://eied.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

EIED is a Tehran-based private EPCM/EPCC contractor serving Iran's oil, gas, and petrochemical sector with full-lifecycle engineering, procurement, construction, and project management services for state-owned national oil companies and petrochemical complexes.

Ownership category

akta.pro rank

Product category

Oil, Gas & Petrochemical EPC Services

akta.pro primary industry

Refinery & Petrochemical O&M / Maintenance Outsourcing (EUAEAGAG)

Keywords

• Oil gas engineering
• Petrochemical plant construction
• EPC project execution
• Refinery design services
• Process engineering consulting

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. EPCC Contracts (Engineering, Procurement, Construction, Commissioning): EIED generates primary revenue through Engineering, Procurement, Construction, and Commissioning (EPCC) contracts for oil, gas, and petrochemical projects. Projects include refinery construction, petrochemical plant construction, gas compression stations, and NGL recovery facilities.
2. EPCM Services (Engineering, Procurement, Construction Management): Revenue generated from engineering design services, procurement management, and construction management services without direct construction execution.
3. PMC/SSC Services (Project Management Contractor / Site Supervision Contractor): Project management and site supervision services for clients overseeing their own EPC contractors.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

EIED is an Iranian engineering, procurement, construction, and commissioning (EPCC) contractor serving the oil, gas, and petrochemical industries. The company delivers full project lifecycle services — from feasibility studies, conceptual and basic design, FEED and detail engineering through procurement, construction management, commissioning, and project management contractor (PMC) / site supervision contractor (SSC) services — for refineries, petrochemical plants, gas processing facilities, NGL recovery plants, and gas compression stations.

Product overview

EIED (Energy Industries Engineering & Design) is an Iranian engineering and design company specializing in the oil, gas, and petrochemical industries. The company operates as an EPCM (Engineering, Procurement, Construction Management) service provider offering a comprehensive suite of services organized around the project lifecycle: Feasibility Study, Conceptual Design, Basic Design, FEED, Detail Engineering, Field Engineering Services, Procurement, Construction Management, and Site Supervision. EIED also provides Management Contractor (MC/PMC) and full EPCC contract execution for projects including refineries, petrochemical plants, gas processing facilities, NGL recovery plants, gas compression stations, and pipeline systems. The company's service portfolio also encompasses its own internal software systems including EIED Didgah (office automation), EIED Knowledge Management System, EIED Homa (customer service portal), and EIED Web (intranet). EIED's engineering services span major projects in Iran's energy sector including South Pars Gas Field Development, Tabriz Refinery, Ilam HDPE, Dehloran Petrochemical, and Kangan Olefin and C2 Recovery plants. The company is an affiliate of OIEC (Oil Industries Engineering and Construction) Group and was formally established in 1996 with activities dating back to 1989.

Differentiator

Problem solved

Functional benefit

Products and services

• Feasibility Study Services Investigation of technical and economic aspects and available alternatives for executing a potential project to determine the best approach in terms of technical feasibility, social and environmental acceptability, and economic justifiability, for oil, gas, and petrochemical project developers.
• Conceptual Design Services Provides a detailed technical description of the most techno-economically relevant approach to a project, defining plot location, block flow diagram, process and non-process units summary, and approximate quantities based on process simulations and in-house historical data.
• Basic Design Services Lays the foundations of a project covering all major engineering discipline aspects, including process simulations, PFDs, equipment data sheets, P&IDs, and specifications for utilities and off-site facilities.
• Front End Engineering & Design (FEED) Develops Basic Design to a more detailed level to provide a relatively accurate quantitative basis for EPC tendering, reducing risks and contingencies in contractor price proposals.
• Detail Engineering Services

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Sharif University of Technology - Faculty of Chemical and Petroleum EngineeringcoreStrategic or Co-development Partner · 1 January 2026EIED signed a joint cooperation MoU with Sharif University of Technology to develop technical knowledge, localize technologies, define joint applied projects, and leverage the university's laboratory and research capacities. The collaboration focuses on developing technical know-how for strategic process units in Iran's oil and petrochemical industry, reducing dependency on foreign licensors, and supporting demand-driven theses and dissertations.
• Karoun Petrochemical CompanycoreStrategic or Co-development Partner · 1 December 2025Strategic MoU signed for preparation of Process Design Packages (PDP), development of indigenous licenses, reduction of crude sales, and enhancement of value creation in petrochemical operations.
• Persian Gulf New Technologies Innovation & Engineering Company (PGEIT)coreStrategic or Co-development Partner · 1 December 2025Strategic MoU focused on technology transfer, process development, and innovation in petrochemical industry operations.
• Linde AGcoreTechnology or IntegrationEIED partnered with Linde AG (Germany) for international projects including Amirkabir 6th Olefin Plant (detail engineering, procurement services, field engineering services) and Maroun 7th Olefin Plant. Linde is a major international gas and engineering company providing process technology and licensing.
• Oil Industries Engineering Co. (OIEC)coreStrategic or Co-development PartnerEIED operates as a subsidiary and key execution arm of OIEC group. The company began as OIEC's engineering division in 1989 and continues to work on joint projects within the OIEC group structure, including South Pars development projects and various EPCC contracts.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Saipem: Saipem is a major international EPC contractor with deep capabilities in oil & gas (onshore and offshore) and petrochemical projects. Comparable in providing full-lifecycle engineering, procurement, and construction services to national oil companies.
• Worley: Worley (formerly WorleyParsons) is a global energy, chemicals, and resources project services provider. Comparable to EIED in offering FEED, EPCM, PMC, and site supervision services across oil, gas, petrochemical, and refining projects.
• KBR: KBR is an international engineering and government services firm with a strong energy EPCM and PMC practice, including refining, petrochemicals, and gas processing. Comparable to EIED's PMC and EPCM service lines serving national oil companies.
• MAPNA Group: MAPNA is one of Iran's largest industrial conglomerates with major EPC capabilities in power generation, oil & gas, and rail. It competes with EIED for energy EPC contracts and shares reliance on Iranian state-owned customers.
• Petrofac: Petrofac is an international EPC and operations services provider focused on oil, gas, and energy infrastructure. Comparable in offering integrated EPC, PMC, and O&M services to national oil companies, including in the Middle East.
• Technip Energies: Technip Energies is a global leader in oil, gas, and petrochemical EPC — particularly LNG, refining, and ethylene/polyethylene plants — directly comparable to EIED's downstream petrochemical and gas processing capabilities.
• Oil Industries Engineering and Construction Company (OIEC): OIEC is EIED's parent group and a major Iranian EPC contractor for oil, gas, and petrochemical projects. It is the most directly comparable domestic player, with overlapping project pipeline and shared client base in Iran's national OGP sector.

Regional players

• National Petroleum Construction Company (NPCC): NPCC is a UAE-based EPC contractor focused on oil & gas and petrochemical projects. Comparable in service portfolio (EPC for upstream, gas processing, petrochemical) and in serving national oil companies across the Middle East region.

Direct peers

• Iranian Offshore Engineering & Construction Co. (IOEC): IOEC is an Iranian EPC contractor specializing in offshore oil and gas projects (platforms, subsea pipelines, marine terminals). It is a direct domestic peer, sharing Iranian state-owned clients and operating under similar sanctions-constrained conditions.

Emerging players

• Hyundai Engineering: Hyundai Engineering is a Korean EPC contractor active in oil & gas, petrochemical, and power plant projects across the Middle East. Comparable as an international EPC competitor pursuing similar refinery and petrochemical contracts in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eied

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EIED