PEDEC (TEHRAN)-As the 29th Iran International Oil, Gas, Refining and Petrochemical Exhibition approaches, Nasrollah Zarei, CEO of Petroleum Engineering and Development Company (PEDEC), highlighted the critical role of investment in the oil industry as a driving force behind the country’s economic growth. He emphasized the company’s readiness to attract both domestic and international investments in development projects.
Zarei noted: “In line with this year’s exhibition theme, ‘Investment in the Oil Industry: A Guarantee for Economic Growth and Development,’ PEDEC—as the development arm of the National Iranian Oil Company—has consistently sought to play an active role in driving economic prosperity through the attraction of capital for oil and gas development projects.”
He added: “The oil industry, as a fundamental pillar of the national economy, plays a key role in achieving sustainable economic growth. Securing new investments, particularly in large-scale oil projects, not only enhances production and optimal resource utilization but also promotes the advancement of cutting-edge technologies, job creation, and the strengthening of the country’s economic infrastructure.”
Referring to PEDEC’s achievements in collaboration with domestic and international investors, Zarei stated: “Through close cooperation with reputable local and foreign companies, PEDEC has successfully completed numerous oil and gas projects with a strong focus on safety, quality, and timely execution. These partnerships have facilitated the transfer of advanced technologies to the country and the optimal development of hydrocarbon resources, contributing significantly to national economic growth.”
He also highlighted the company’s recent focus on attracting new investments and leveraging modern technologies, saying: “In recent years, PEDEC has successfully brought major oil projects into operation, playing a significant role in boosting national production and revenue.”
In conclusion, Zarei emphasized: “This exhibition presents an excellent opportunity to showcase the country’s development potential in the oil industry, particularly in the areas of investment and international cooperation. With its vast capabilities and resources, Iran’s oil industry is well-positioned to take meaningful steps toward attracting foreign investment and enhancing collaboration. PEDEC, building on its experience and past accomplishments, is committed to offering innovative solutions to secure investment and ensure the sustainable development of the oil sector. We hope to continue contributing to the realization of the country’s economic objectives.”