Oil & Gas IQ, a leading online resource and community for the oil and gas industry, has ranked the National Iranian Oil Company (NIOC) as the third biggest oil company in the world.

Kick of Meeting (KOM) of West Karoon NGL3200 Project was held for three days in Petroleum Engineering and Development Company (PEDEC).

In commemoration of the ‘International Communications Day,’ a meeting was held in which head of Public Relations (PR), PR practitioners and different ongoing projects’ links in Petroleum Engineering and Development Company (PEDEC) participated.

Iran has allocated 5.5 trillion rials (about $450 million) to oil and gas exploration projects in the current Iranian calendar year, which started on March 21, Hormoz Qalavand the head of exploration at the National Iranian Oil Company (NIOC) announced on Tuesday.

Simultaneous with marking the 50th anniversary of Iran’s petrochemical industry, National Petrochemical Company (NPC) will host 10th Iran Petrochemical Forum in Tehran on May 13.

Some $30 billion will be invested in Iran’s South Pars gas field in the current Iranian calendar year, the National Iranian Oil Company managing director (NIOC) stated.

“Accelerating the activities of South Yaran Oilfield is on the agenda of the company and the MDP of the field has finished” managing director of Petroleum Engineering and Development Company (PEDEC) said.