2020 1 October Fa


Iran not concerned about EU oil embargo

23 / 11 / 2011

Ahmad Qalebani says many countries are willing to buy Iran’s oil and the Islamic Republic is not concerned about oil embargo imposed by some European countries.

Iran’s proved oil reserves up to 154.8 billion barrels

01 / 11 / 2011

Oil Minister Rostam Qasemi said Iran’s proved oil reserves has risen to 154.8 billion barrels following the new explorations.

Iran’s Share of Azar OilField Unchanged

15 / 10 / 2011

Managing director of PEDEC said: although it took several years to sign Azar oilfield development contract, we are not behind the neighboring country Iraq in developing the shared field and the Iraqi side has not extracted oil from the field yet.

Iran Signs Contract for Azar Oil Field with Local Consortium

12 / 10 / 2011

The Iranian Oil Industries’ Engineering and Construction (OIEC) Company signed on Tuesday a 1.9 billion dollar contract with a domestic consortium to develop the on-shore Azar oilfield.

PEDEC to Develop Iran’s Kish Gas Project

04 / 10 / 2011

Iran’s Deputy Minister of Petroleum for Planning and Supervision on Hydrocarbon Reserves Mohsen Khojastehmehr said the development of Kish Gas Field has been handed over to Petroleum Engineering and Development Company (PEDEC)

Qasemi Appoints New Head of PR Department

02 / 10 / 2011

Iran’s minister of petroleum, Rostam Qasemi appointed Issaq Royvar as new head of public relations department of the petroleum ministry.

NIOC Plans To Increase Oil Swap

01 / 10 / 2011

NIOC’s managing director Ahmad Qalebani says daily oil swap with northern neighboring countries averages 25 thousand barrels presently.

30 Abandoned Oil Fields Could Yield 800 Thousand B/D,

28 / 09 / 2011

At least 700-800 thousand barrels of oil could be extracted from 30 Iran’s old and abandoned oil fields per day by applying new technologies including using down hole pumps, managing director of The Petroleum Engineering and Development Company (PEDEC), Naji Sadouni said on Tuesday.

Petroleum Ministry Welcomes Private Sector Participation in Projects

28 / 09 / 2011

Iran’s minister of petroleum, Rostam Qasemi says oil industry welcomes private sector’s participation in oil projects.

Development Plan of Heavy Oilfields to Come into Effect

27 / 09 / 2011

PEDEC Executive for heavy oilfields development plan announced that development plan of Ferdowsi and Zagheh heavy oilfields is in the pipeline, adding drilling operations of well no.3 in Ferdowsi field is in progress and 3D seismic studies of the field have come to an end demonstrating over 35 billion barrels of in-situ oil in the […]

Specific Plan to Develop Joint Fields

27 / 09 / 2011

Earlier this week, acting oil minister together with his associates visited Iranian Oil capital. According to Public Relations of Petroleum Engineering & Development Company (PEDEC), Ali Abadi, in addition to visiting south oil region and one of NIDC drilling rigs, paid a visit to Yadavaran and Darkhovain oil fields. At a joint meeting with managing […]

Iran to Surpass Iraq in Oilfield Development

27 / 09 / 2011

Yadavaran Oilfield to be on Stream in December Yadavaran Oilfield Development Plan Executive at Petroleum Engineering and Development Company (PEDEC) said Iraq is to raise its oil output by 10 million barrels a day in 10 years and pull ahead of oil-rich countries such as Iran and Venezuela and compete with Saudi Arabia by developing […]