PetroPars () is an Iranian oil and gas engineering services company, which is a subsidiary of

NICO Christa Päffgen (; 16 October 1938 – 18 July 1988), known by her stage name Nico, was a German singer, songwriter, actress, and model. Nico had roles in several films, including Federico Fellini's '' La Dolce Vita'' (1960) and Andy Warhol's ...

and a subsidiary of the

National Iranian Oil Company The National Iranian Oil Company (NIOC; ) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1951 and restructured under The Consorti ...

History

Petropars Company was established in 1997 by the

Naftiran Intertrade Naftiran Intertrade Company S.à r.l. (NICO) is a Swiss-based subsidiary of the National Iranian Oil Company (NIOC). NICO is a general contractor for the oil and gas industry. NIOC buys the vast majority of Iran's gasoline imports. NICO is a ke ...

(subsidiary of the

) with the aim of implementing the development plan of

South Pars The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, IEA, World Energy Outlook 2008 - Chapter 12 - Natural gas resources and production prospects, p.29 ...

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. Other projects carried out by this company include the development of

Kish gas field Kish gas Field is a giant gas field close to Kish Island in the Persian Gulf. It is one of the NIOC Recent Discoveries which was discovered in 2006 and holds of gas in place of which is recoverable. The field also holds at least of condensate ...

, the development of Farzad gas field, as well as the development of Cabinda North field and revamping an oil export terminal in

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

. 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, which was transferred to a consortium consisting of

Khatam-al Anbiya Construction Headquarters Khatam al-Anbiya Construction Headquarter ; ''Qârargâh-he Sazandegi-ye Xatam alânbia'', literally, "Seal of the Prophets") is an Iranian engineering firm controlled by the Islamic Revolutionary Guard Corps (IRGC). The firm, also known as GHOR ...

, and

Astan Quds Razavi Astan Quds Razavi () is a bonyad based at Mashhad, Iran. It is the administrative organization which manages the Imam Reza shrine and various institutions which belong to the organization. The administrative apparatus of Astan Quds Razavi is con ...

, but after a while, due to non-fulfillment of commitments and invalidity of bank documents, this contract was not implemented.

Notes

{{reflist National Iranian Oil Company Iranian companies established in 1997