2020 11 August Fa


The 24th Iran Int’l Oil Exhibition Inagurates

01 / 05 / 2019

TEHRAN(PEDEC)- The 24th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2019) officially opened with the presence of Petroleum minister of Iran Bijan Zangeneh  in the international permanent fairgrounds of Tehran on Wednesday 1st of May. Bijan Zangeneh on the sidelines of the 24th Iran Oil Show addressing a press conference said the US […]

The 24th Iran Oil Show to Kick off in Tehran

30 / 04 / 2019

TEHRAN (PEDEC) – The 24th Iran International Oil, Gas, Refining and Petrochemical Exhibition will be opened in Tehran on Wednesday .This edition of the fair will be held in the showcase area  of over 70,000 square meters which domestic companies are to occupy 35,766 square meters of it. According to the National Iranian Oil Company […]

PEDEC Cuts Oil Output in West Karoun Due to Environmental Concerns

20 / 04 / 2019

TEHRAN (PEDEC) -The CEO of Petroleum Engineering and Development Company (PEDEC),Touraj Dehghani,said that a number of wells had been closed in flood- hit in the West Karoun joint oil fields due to environmental consideration and to prevent any possible environmental damages in the area. The severe flood in Iran which started on 19 March was […]

Oil Facilities Are Not Obstacle in Water Flow to Hour Al-Azim Wetland

07 / 04 / 2019

TEHRAN (PEDEC) – The CEO of Petroleum Engineering and Development Company (PEDEC) announced clearly that oil facilities had not  been obstacle in flowing water to Hour-Al-Azim Wetland. Severe floods hit several provinces in Iran over the past fortnight, killing dozens and sustaining hundreds of injuries. Touraj Dehghani said in spite of tough environmental condition, production […]

PEDEC Priorities Outlines

29 / 03 / 2019

TEHRAN (PEDEC) — The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s priorities in the new Iranian calendar year which started on March 21. Touraj Dehghani said accelerating the development of joint oil fields is on top in PEDEC’s agenda in the new Iranian year. “This year, given the special conditions that […]

PEDEC In Int’l Energy Exhibition In Kish Island

22 / 01 / 2019

TEHRAN (PEDEC) – The 15th edition of International Energy Exhibition was officially launched in Kish Island on Monday evening (January 21) with the presence of  Gholam Hussein Mozaffari, CEO of Kish Free Zone Organization and Reza Khayyamin, chairman of the Society of Iranian Petroleum Industry Equipment Manufacturers SIPIEM and will last for 4 days. Petroleum […]

NIOC to Market 1mb of Oil at IRENEX on Jan. 21

14 / 01 / 2019

TEHRAN (PEDEC) _ According to NIOC official site, a senior official with the National Iranian Oil Company (NIOC) said the company would supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21. This will be the third time that the state-run company is offering oil to the private sector at […]

CEO of PEDEC Congratulates the New Year 2019

01 / 01 / 2019

TEHRAN (PEDEC) – Chief Executive Officer of PEDEC, Touraj Dehghani conveyed his greeting message on the occasion of Christmas and New Year and also congratulated the birth of Christ to all Iranian Christians especially to devoted Christian colleagues in our oil industry. He expressed his greetings as follows: “The birthday of Jesus Christ has brought […]

NIOC to Sell Oil on IRENEX This Week

29 / 12 / 2018

TEHRAN (PEDEC) _ The National Iranian Oil Company (NIOC) announced on Wednesday that Iran plans to sell 3 million barrels of crude oil to private companies in the third round of sales aimed at bypassing US sanctions. “The required license has been procured from the heads of the three government powers for three million barrels […]

OPEC agrees joint 1.2mn bpd output cut despite US pressure

08 / 12 / 2018

TEHRAN (PEDEC) _ Member states of the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day despite opposition from US President Donald Trump’s administration. After two days of talks at the OPEC headquarters in Vienna, OPEC and non-OPEC countries, including […]

New NIOC CEO Appointed

19 / 11 / 2018

TEHRAN (PEDEC) _ Iranian Minister of Petroleum Bijan Zangeneh appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC) on Sunday. Earlier today, the official had issued a decree appointing Mr. Karbasian as a member of the company’s board of directors of four years. Karbasian has replaced Ali Kardor as NIOC […]

New Round of NIOC Oil Supply at IRENEX–$71.59/b

10 / 11 / 2018

TEHRAN (PEDEC) – National Iranian Oil Company (NIOC) has priced each barrel of crude oil at the Iran Energy Exchange (IRENEX) at $71.59. The figure was previously announced at $76.29. The oil will be offered at IRENEX on November 11. This time, each unit of purchased cargoes comprises 35,000 barrels, like the first offer, but […]

PEDEC Seals Deal with Domestic Firm to Construct Oil Storage Tanks

01 / 10 / 2018

TEHRAN (PEDEC) _ Iran’s Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-million-barrel crude oil storage tanks. The Build–operate–transfer (BOT) contract was signed on Sunday by PEDEC CEO Touraj Dehghani and Asghar Gorzin, CEO of Petro-Omid Asia, and Ahmad Ebrahimi, the managing director of Omid Investment […]

US zero exports target impossible in tight market

15 / 09 / 2018

TEHRAN (PEDEC) _ A senior Iranian oil official says the United States will fail to drive Iranian oil exports down to zero as the market is already tight and rival producers are not able to make up the shortfall. Iran’s OPEC governor, Hossein Kazempour Ardebili, told Reuters on Friday that a “supply shortage” showed that […]

West Karoun Output Keeps Rising

03 / 09 / 2018

TEHRAN (PEDEC) — Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun area. Until 2013, Iran was extracting nearly 50,000 b/d of oil from these fields which are shared with neighboring Iraq. But now Iran’s output has exceeded 300,000 b/d. In the current calendar […]