Tag Archives | Pasargad Energy Development Company

NIOC signs $2.4bn Oil Deal with Local Firm

The National Iranian Oil Company (NIOC) and Pasargad Energy Development Company (PEDC) have signed a contract for the integrated development of Sepehr and Jofeir Fields with an estimated CAPEX of 2.4 billion dollars. The CEOs of NIOC CEO (Ali Kardor) and PEDC (Mehdi Mir Mo’ezi) signed the contract here in Tehran on Sunday, only three […]

Fate of 2 Oilfields Determined before March 2018

An official with the National Iranian South Oil Company (NISOC) said negotiations with the potential developers of Iran’s Karanj and Shadegan oilfield will conclude by the end of the current fiscal year to March 20 2018. Hamid Deris, director of NISOC technical affairs, said NISOC experts are satisfied with the proposals submitted to the company […]