Petropars

Three more references have been added to show its notability.

PetroparsCompany type| Subsidiary

|

Industry| Petroleum industry
Founded| 1997, Tehran, Iran
Owner| Naftiran Intertrade and National Iranian Oil Company

PetroPars (Persian: پتروپارس) is an Iranian oil and gas engineering services company, which is a subsidiary of NICO and a subsidiary of the National Iranian Oil Company.

## History

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Petropars Company was established in 1997 by the Naftiran Intertrade (subsidiary of the National Iranian Oil Company) with the aim of implementing the development plan of South Pars Phase 1 as an Iranian capital general contractor company using the buyback method. The company's headquarters is located in Tehran. Petropars' main activity so far has been focused on the development of gas fields, the bulk of which relates to the development projects of Phases 1, 6, 7, 8, 11, 12 and 19 of the South Pars gas field.[1][2] Other projects carried out by this company include the development of Kish gas field,[3] the development of Farzad gas field, as well as the development of Cabinda North field and revamping an oil export terminal in Venezuela.[4][5][6][7]

Between 2008 and 2009, Petropars progressed towards privatization, and in the first stage, the Privatization Organization estimated the base price of 61% of its shares, equivalent to 2120 billion Iranian Rial,[8] which was transferred to a consortium consisting of Khatam-al Anbiya Construction Headquarters, and Astan Quds Razavi, [8] but after a while, due to non-fulfillment of commitments and invalidity of bank documents, this contract was not implemented.[9][10]

## Notes

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1. ^ "آخرین پروژه پارس جنوبی به پتروپارس واگذار شد". naftnews.net (in Persian). Naft News Agancy. August 25, 2013. Retrieved November 18, 2023.
2. ^ "لغو قرارداد توسعه فاز ۱۱ پارس جنوبی با پتروپارس قوت گرفت". farsnews.com (in Persian). Fars News Agancy. February 1, 2014. Retrieved November 18, 2023.
3. ^ "تداوم روند تغییرات مدیران نفتی با برکناری مدیرعامل پتروپارس". khabaronline.ir (in Persian). khabaronline. January 12, 2011. Retrieved November 18, 2023.
4. ^ "شرکت پتروپارس پیش رو در جهت توسعه میادین گازی پارس جنوبی". yjc.ir (in Persian). Young Journalists Club. April 2, 2013. Retrieved November 18, 2023.
5. ^ "Iran's NIOC to Award Contract to Petropars for Developing Farzad-B Field". egyptoil-gas.com. Egypt Oil & Gas. May 17, 2021. Retrieved November 21, 2023.
6. ^ "Iran's Petropars to develop Farzad B gas field, Oil minister says". reuters.com. Reuters. May 17, 2021. Retrieved November 21, 2023.
7. ^ "Petropars Signs First Int'l Contract to Revamp Venezuela's Oil Export Terminal". financialtribune.com. Financial Tribune. June 16, 2023. Retrieved November 21, 2023.
8. ^ "خریدار سهام پتروپارس". mojnews.com (in Persian). Moj News Agency. May 8, 2009. Retrieved November 18, 2023.
9. ^ "فروش ۶۱٪ درصد سهام شرکت پتروپارس در دور نخست واگذاری". boursenews.ir (in Persian). Bourse News Agency. April 20, 2009. Retrieved November 18, 2023.
10. ^ "منوچهری: وزارت نفت صلاح نمی‌داند پتروپارس را واگذار کند". khabaronline.ir (in Persian). khabaronline. May 3, 2010. Retrieved November 18, 2023.