VOL. XLVI

No 29

21-July-2003

IRAN

NIOC Reports Two Large Finds Of Heavy Oil

The Petroleum Engineering and Development Company (PEDEC) subsidiary of the National Iranian Oil Company (NIOC) has disclosed two large discoveries of heavy oil near Bushehr. The official news agency IRNA reported on 14 July that PEDEC Managing Director Abolhassan Khamoushi told the Kayhan newspaper that preliminary estimates suggested that the Ferdows discovery had 30.6bn barrels of oil in place, while the Zagheh find had...