POIDC was established in January 2013 in Shiraz, Iran. The main purpose was to utilize the integrated capabilities and competencies of the most experienced companies in the region in engineering, design, procurement, manufacturing, construction, pre commissioning and commissioning of oil, gas and petrochemical projects as well as the energy industry.

However, the very initial initiative of POIDC is to finance the 2nd Shiraz Oil Refinery and carry out the execution of project as an EPCC contractor.

SHAREHOLDERS

POIDC has 7 shareholders as follows:

1-   Engineering and Design Capabilities

●  Provision of license and technical know how

●  Basic Engineering

●  Detail Engineering

●  Procurement Services

●  Supply of all Equipment

●  Field Engineering Services and Site Supervision

●  Commissioning and Performance Test

 POIDC'S capacity in Engineering and Design is more than 4 million  man-hours per year.

2-    Manufacturing Capabilities

●  Engineering Design and Providing Shop Drawings

●  Supply of Raw Materials

●  Manufacturing of Equipment

●  Supervision and Quality Control

●  Equipment Final Tests

●  Loading and Equipment Transportation to Site.

POIDC capacity in equipment manufacturing is about 30,000 tons per year.

3-    Construction Capabilities

●  Site mobilization

●  Civil Works

●  Construction of Industrial and non Industrial Buildings

●  Erection of Steel Structures

●  Piping Works

●  Static and Rotary Equipment Installation

●  Electrical Works/Installation

●  Instrumentations and Control System Installation

●  Painting

●  Insulation

●  Precommissioning

POIDC Capacity in construction is 30 million Man-hours per year.