Petroiran Development Company Limited (Petroiran; PEDCO) is an oil and gas company based in Tehran, Iran. It is a subsidiary of Naftiran Intertrade, a part of the National Iranian Oil Company, responsible for developing upstream oil projects. The company was established in 1997 and in 1999 it was registered in St. Helier, Jersey. In 2003 it was announced that Petroiran will merge with Petropars, another subsidiary of Naftiran Intertrade. The merger did not take a place. In 2007, the company was designated for privatization. On 14 December 2008, it was sold to Dana Energy. However, the deal was not finalized. More information...
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