TEHRAN (Shana) -- The CEO of the Petroleum Engineering and Development Company (PEDEC) Abuzar Sharifi has said that the PEDEC has planned to enhance the production capacity of the Azadegan South oil field by 15,000 barrels by the end of the current calendar year, which began on March 21.
Speaking on the sidelines of visiting the 12th Ahwaz Oil Industry Exhibition, Sharifi said, “By the end of the year, 15,000 barrels of oil will be added to the production capacity of Azadegan South field.”
He added: “During the development activities, the exploitation of the parts that have led to the production is also underway in the first phase of this field, and at the same time, studies of the second phase development plan have stated on the field.”
Emphasizing that the development of the Azadegan oil field has been neglected in recent years, the official stated: “The Petroleum Engineering and Development Company in recent months has accelerated the activities carried out in this joint oil field by drilling and launching new wells.”
‘Parsian Special Zone, Iran’s New Hub of Oil, Gas’

Iranian Oil Minister’s Deputy for Planning Houshang Falahatian has said that Parsian Energy Intensive Industrial Special Economic Zone (PEISEZ) is a new hub of oil and gas in Iran and that the ministry assures investors feeding the zone.
An advantage of the PEISEZ is that it is close to the oil and gas sources in South Pars, Falahatian said during a visit to the zone.
The deputy oil minister also inspected the progress of constructing two petrochemical plants and Parsian Port, calling the PEISEZ the best zone for development and growth of petrochemical industries.
Iran’s Oil Ministry is interested in investing in the zone and support the investors and assures the feed of methanol and propane to the zone, he stressed.
Ali-Asghar Allameh, the CEO of the PEISEZ, expressed hope during the visit that the zone would operate as the hub of petrochemical industries in Iran in the near future.
The zone has been located 15 kilometers west of Parsian city in Hormozgan Province, southern Iran, spanning 9,800 hectares.
It is a hub of development in Iran that has the potential to host different energy intensive industries, considering its economic, social, political, security, environmental, and geographic characteristics.