PEIC at a Glance Petroleum Equipment Industries Company (PEIC) established in 1991 as one of the subsidiaries of Oil Industry Pension Fund and currently has five subsidiary companies in the field of producing various types of Industrial valves, Wellhead Equipment and Fittings with Using the experienced experts and the latest technology of the day, the company is trying to get the first place in the production of products needed for the Oil, Gas, Petrochemical and Refinery Industries, also a suitable place in the industries related to the Ministry of Energy and also Target markets (Countries : Iraq, Oman and Turkmenistan).