Construction of natural gas liquid (NGL) plant, strategic crude oil storage facilities, West Karoun Power Plant, West Karoun Gas and Liquefied Gas Plant, West Karoun Pumping Facility and national metering project are under way by PEDEC.
In the Iranian calendar year to March 2012, PEDEC attracted 1.
Last March, the development contract of the field's first phase was inked between PEDEC
and an Iranian consortium comprising of Nardis, Farab and Namvaran companies.
PEDEC is a subsidiary of the National Iranian Oil Company (NIOC).
The deal has been signed between PEDEC and Tatneft, one of Russia's top ten crude oil producers.
Public Relations was quoted as reporting that the contract was signed on Tuesday with Oil Minister Rostam Qasemi, NIOC managing director Ahmad Qalebani, PEDEC
managing director Naji Sadoni and the head of board of directors of Energy Persia Company Qolam Hossein Nozari in attendance.
He said drilling operations are going on at the field by PEDEC
chief said the field contains light crude oil and is shared with neighboring Iraq.
The PEDEC official said Petropars is in talks with PEDEC for developing a gas field in the Persian Gulf island of Kish.
PEDEC has officially announced it will cooperate with a foreign investor for development of the refinery unit of South Azadegan oil field.