EghtesadOnline: Petroiran Development Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct surveys on two onshore oilfields in Ilam and Khuzestan provinces.

EghtesadOnline: Production from the oil layer of South Pars, the giant gas field shared between Iran and Qatar in the Persian Gulf, has exceeded 1 million barrels in less than two months, managing director of Petroiran Development Company ( PEDCO ) said Saturday.