[caption id="attachment_95229" align="alignright" width="155"] A drilling rig at work in Yadavaran oil field, southwest of Iran (file photo)[/caption] TEHRAN Jan 16(Shana)--The oil reserves in place in Yadavaran oil field, jointly operated by Iran and Iraq, have been revised up to more than 34 billion barrels, managing-director of Petroleum Engineering ...

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 ...