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.^[1][2]

In 2003 it was announced that Petroiran will merge with Petropars, another subsidiary of Naftiran Intertrade.^[3] The merger did not take a place. In 2007, the company was designated for privatization.^[4][5] On 14 December 2008, it was sold to Dana Energy.^[6] However, the deal was not finalized.^[7]

The company develops the South Pars, Azadegan, Foroozan, Salman, Nosrat, Farzam and Arash fields.^[8][9] Belpars, a joint company of Petroiran and Belarusneft, a subsidiary of Belneftekhim, is developing the Jofeir oil field.^[10][11]

In 2006, the company had a legal dispute with Romanian Grup Servicii Petroliere over the ownership of jack-up drilling rigs GSP Orizont and GSP Fortuna.^{[12][13][14][15]}

• Official website