Pasargad Energy Development Company

What Pasargad Energy Development Company does

Pasargad Energy Development Company (PEDC) is a privately held, Tehran-based integrated energy company founded in 2008 that operates across the full energy value chain — upstream oil and gas exploration and production, downstream refining and petrochemicals, conventional and renewable power generation, and supporting infrastructure. The group develops and operates the Sepehr and Jufair oil fields (current production 80,000 BPD, target 150,000 BPD), the Qeshm Heavy Oil Refinery (35,000 BPD first phase) and Gas Condensate Refinery (60,000 BPD), approximately 3,000 MW of power generation capacity (around 4% of Iran's total installed capacity), and the 1,500 MW national solar tender portfolio, with logistics anchored by the Hara Qeshm oil terminal and the 593 km IGAT6 gas trunkline. Technology and digital capabilities are delivered through the wholly owned Artificial Intelligence Technology Development Company (AITD), which builds proprietary platforms including PUM (AI/big-data upstream production optimization), Retina (intelligent enterprise system), a 3D Hydrocarbon Reservoir Simulator, and a Smart Capital Market Dashboard, supported by the Flow Assurance Specialized Laboratory at Tehran University.

Name

Pasargad Energy Development Company

Legal name

Pasargad Energy Development Company

Website

https://pedc.ir

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pasargad Energy Development Company (PEDC) is a Tehran-based private integrated energy group operating across upstream oil and gas, refining, petrochemicals, power generation, and renewables in Iran, with proprietary AI software platforms and energy-trading subsidiaries serving government and industrial customers.

Ownership category

akta.pro rank

Product category

Integrated Energy Production

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Petroleum Refineries (32411), Petrochemical Manufacturing (32511)

SIC

Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Utility-Scale Power Generation Asset Management (EUAEAMAA), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL)

Keywords

• Oil and gas production
• Petrochemical refining
• Power generation
• Renewable energy projects
• Energy infrastructure development

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Upstream Oil and Gas Production: Exploration, development, and production of oil and gas fields including the Sepehr and Jufair oil fields. Revenue generated from crude oil production and sales.
2. Downstream Refining and Petrochemicals: Operation of refineries (Qeshm Heavy Oil Refinery, Qeshm Gas Condensate Refinery) and petrochemical complexes producing various refinery and petrochemical products for domestic and international sales.
3. Power and Utilities Generation: Ownership and operation of power plants generating approximately 3,000 MW including conventional thermal and renewable energy sources. Revenue from electricity generation and sales to national grid.
4. Trading and Commercial Operations: Trading of oil, refinery products, and petrochemicals through Tejarat Pasargad Co. One of the largest trading companies for oil, products, and petrochemicals in Iran with international trade capabilities.
5. Renewable Energy Projects: Construction and operation of solar power plants including the 1,500 MW national solar tender, generating revenue from clean energy production and sales.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Pasargad Energy Development Company (PEDC) is an integrated private-sector energy company operating across the full energy value chain in Iran, including upstream oil and gas exploration and production (Sepehr and Jufair fields), downstream refining and petrochemical operations (Qeshm Heavy Oil and Gas Condensate refineries), power generation of approximately 3,000 MW across conventional and renewable assets, and AI-driven energy management technology. The company invests in, develops, and operates energy infrastructure and trades oil, refinery products, and petrochemicals internationally through its commercial subsidiary Tejarat Pasargad.

Product overview

Pasargad Energy Development Company (PEDC) operates as a diversified integrated energy company offering a broad portfolio of products and services across the oil, gas, power, and renewable energy sectors. The company's technology offerings include four AI-powered software platforms: PUM (Integrated Upstream Management Platform) for production optimization using AI and big data analytics; Retina (Intelligent Enterprise System) for enterprise resource management; the 3D Hydrocarbon Reservoir Simulator for digital twin modeling of reservoirs; and the Smart Capital Market Dashboard for financial analysis. In physical operations, PEDC develops and operates power generation plants (conventional and solar), upstream oil and gas production facilities, downstream refineries and petrochemical plants, and infrastructure including ports and terminals. Multiple specialized subsidiaries support these operations including Taban Energy (O&M services), Ctesiphon (renewable investment), Tejarat Pasargad (trading/commercial), and project management services.

Differentiator

Problem solved

Functional benefit

Brands

• Tejarat Pasargad Co. (TPCO): Commercial arm of PEDC providing trading and logistics services for petrochemical and petroleum products
• Taban Energy
• AITD (Artificial Intelligence Technology Development)
• Ctesiphon

Quantifiable outcome

• 30% higher efficiency compared to single-sided fixed panel solar plants
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Four partnerships are on record, tiered strategic and core.

• Sharif University of TechnologystrategicStrategic or Co-development Partner · 22 December 2025Strategic on-campus partnership for supporting research activities, advancing technology development, and strengthening collaboration between industry and academia. University honored PEDC as selected strategic partner during ceremony.
• Tehran University (Institute of Petroleum Engineering)strategicStrategic or Co-development Partner · 17 December 2025Joint establishment of Pasargad Energy Flow Assurance Specialized Laboratory for developing advanced technologies in hydrocarbon production and transportation, preventing formation damage, and optimizing production operations.
• Qeshm Free Zone OrganizationcoreStrategic or Co-development PartnerCollaboration for construction and operation of oil jetty and terminal on Qeshm Island under BOT (Build-Operate-Transfer) agreement. PEDC is the sole private company authorized for this venture, responsible for construction, operation, and ownership of oil jetties.
• SATBA (Renewable Energy Organization)coreStrategic or Co-development PartnerPartnership for development of 200 MW of solar projects with 36 MW already operational. Collaboration aimed at operationalizing full 200 MW capacity by year-end and expanding Iran's renewable energy capacity to 5,000 MW.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Regional players

• National Petroleum Construction Company (NPCC): Abu Dhabi-based EPC and offshore services provider for upstream oil & gas. Comparable as a regional engineering/services player serving state-owned oil companies; PEDC's Zharf Energy upstream and AITD engineering services occupy adjacent functions.

Direct peers

• Crescent Petroleum: Sharjah-based privately held integrated upstream and midstream gas operator active across MENA. Closest comparable in scale and private-company positioning, with similar focus on regional E&P and pipeline infrastructure (analogous to PEDC's IGAT6).
• Dragon Oil: UAE-based privately held upstream oil and gas producer with significant Turkmenistan/Iran-adjacent operating exposure. Comparable as a regional private-sector E&P focused on field development and production optimization.

Broad incumbents

• ACWA Power: Saudi private-sector IPP and renewable energy developer with multi-gigawatt project pipeline, similar model to PEDC's 1,500 MW solar tender. Comparable in combining government-backed financing (Saudi PIF, NDF analog) with utility-scale generation development across MENA.
• OQ: Oman integrated energy company spanning upstream, midstream, downstream, and renewables with similar private/state hybrid capital structure. Comparable as a Gulf-region integrated energy platform pursuing renewables alongside hydrocarbons.
• TAQA: Abu Dhabi national utilities and energy champion combining power generation (~30 GW portfolio) with upstream oil & gas and water assets. Closest analog to PEDC's vertically integrated utility/IPP/upstream mix at significantly larger scale.
• Eni: Global integrated energy major with significant MENA upstream presence (Iraq, Egypt, Libya) and growing renewables portfolio. Relevant as a benchmark for technology-driven upstream optimization and integrated gas-to-power business model.
• ADNOC: UAE national oil company with end-to-end upstream, downstream, petrochemicals, and renewables operations. Comparable in integrated value-chain model; serves as the regional benchmark for PEDC's downstream and trading ambitions.
• SOCAR (State Oil Company of Azerbaijan Republic): National integrated energy company with upstream operations, refining, petrochemicals, and trading. Comparable to PEDC's full value-chain footprint at state-owned scale, with similar Caspian-region upstream economics.
• Masdar: UAE state-backed renewable energy developer active across solar, wind, and green hydrogen with similar tender-driven gigawatt project model. Directly comparable on renewable development scale and government partnership structure to PEDC's SATBA/NDF-backed solar pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pedcgroup
• Instagraminstagram.com/pedcgroup
• Xx.com/cmpedc1

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 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 Pasargad Energy Development Company