TEHRAN, July 31 (Shana) -- Managing Director of Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji Hossein Nejad said development of oil industry needs investments rather than slogans and the newly-developed oil contract model must not be seen as intended to weaken domestic prowess in the sector. Speaking on new foreign investments ...

  TEHRAN, Jan 31 (Shana) -- South Azadegan oil field is planned to start early production of 60,000b/d of crude oil by mid-2016, a senior petroleum official said.   Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji-Hosseinnejad told a press conference on Saturday that early production from the fields was expected to ...

TEHRAN, Jan 31 (Shana) -- Iran expects to start gas recovery from a field in the Persian Gulf island of Kish by mid-2017, a senior petroleum official says. Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji-Hosseinnejad told a press conference on Saturday that the field's development project has been delayed for several reasons ...

TEHRAN, Jan. 30 (Shana) Development projects at North Azadegan and Yadavaran are close to completion adding 160,000 barrels a day to the country's crude oil output, a senior Iranian petroleum official said. Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji-Hosseinnejad told a press conference on Saturday that the two oilfields ...

TEHRAN, Jan. 30 (Shana) Iran says it expects to withdraw 300,000 barrels of crude oil from west Karoun oilfields by March 2017, a senior Iranian oil official said. Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji-Hosseinnejad told a press conference on Saturday that production of oil from North Yaran oil field will reach 30,...

[caption id="attachment_147471" align="alignright" width="164"] File photo shows a general view of the installations related to Kish gas field.[/caption] A major gas field in Irans Kish Island, a tourist hub in the Persian Gulf, will come on stream in a year, a high-ranking Iranian official says. Abdolreza Haji Hossein Nejad, who serves as the director ...

TEHRAN August 2 (Shana)--Petroleum Engineering and Development Company (PEDEC) is building ten concrete crude oil storage facilities, PEDEC chief said. Abdorreza Hosseinnejad said the facilities are already 85 percent completed. He added that they are likely to come on-stream by March next year. The facilities are being built for storing a total ...

Tehran, July 21, IRNA - Petroleum Engineering and Development Company (PEDEC) welcomes foreign investment in the development project of South Azadegan oilfield. Abdolreza Haji-Hossein-Nejad, the PEDEC managing director, said the company intends to develop the oilfield using its own capital, Shana reported. He put the preliminary approved budget for ...

TEHRAN (FNA)- Managing Director of the Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji Hosseinnejad said drilling operations of two new wells in the North Yaran oilfield in the Southern Province of Khuzestan will be completed in the near future. In total, 19 oil wells are scheduled to be drilled within the framework of development ...

TEHRAN June 3 (Shana)--National Iranian Drilling Company (NIDC) is to install ten drilling rigs in the massive South Azadegan oil field by July, managing-director of Petroleum Engineering and Development Company said. Abdorreza Haji-Hosseinnejad said two wells are being spudded by NIDC in the field which is shared with Iraq. He also said that PEDEC ...

TEHRAN (FNA)- The first phase of Mansouri oil field will come online in the near future, managing director of the Petroleum Engineering And Development Company (PEDEC) Abdolreza Haji Hosseinnejad said. Visiting the oil field, Hosseinnejad said that the first phase of Manouri oil field had made progress by 98. 33 percent predicting it will come ...