NIOC
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Petroleum Ministry at The Top of First-Time Production Activities
SHANA (Tehran) - Iran’s Vice-President for Scientific, Technology and Knowledge-Based Economy, Ruhollah Dehghani Firouzabadi, says that the Petroleum Ministry has won the first rank for the first-time production of strategic goods.
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800 Million Euros Allocated To IOOC’s Installations Renovation, CEO
SHANA (Tehran) - With the assistance of NIOC’s board of directors and allocation of 800 million euros during the past 2.5 years of the 13th administration in office, the Iranian Offshore Oil Company (IOOC) has been able to take appropriate steps to renovate its installations.
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Number of Exploration Drilling Rigs to Increase Fivefold
SHANA (Tehran) - Nine oil and gas fields were discovered in the tenure of the 13th Administration, announced Mehdi Fakour, director of exploration at National Iranian Oil Company (NIOC) on Friday, adding that the number of exploration drilling rigs of his company will increase to 10 from two rigs in August 2021.
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Iran Invests $6.5b in Oil Industry Upstream Sector
SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.
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NIOC CEO Participates in Press Conference
SHANA (Tehran) -- The CEO of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr attends a press conference here on Thursday on the sidelines of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024.
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Crude Extraction of Iran Up by 70% in 2.5 Years: NIOC
SHANA (Tehran) - Iran’s crude oil production has increased by 70 percent in about 2.5 years in the 13th Administration which took office in August 2021, announced Mohsen Khojastehmehr, the CEO of the National Iranian Oil Company (NIOC) on Thursday.
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Iranian Firms Invited to Cooperate in Oil, Gas Projects of Iraq
SHANA (Tehran) - A specialized meeting of the CEO of the National Iranian Oil Company (NIOC) with a number of senior managers of Iraqi oil companies was held on Thursday in Tehran.
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Gas Production Rising By 127 mcm/d
SHANA (Tehran) - Gas production capacity of the country will rise by 127 million cubic meters per day by implementation of today’s signed memorandums of understanding, the National Iranian Oil Company’s (NIOC) managing director, Mohsen Khojastehmehr said.
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NIOC Improving Fars Province Infrastructures
SHANA (Tehran) – The manager of NIOC’s Directorate Of Supervision On Southern Oil-Rich Regions Construction Projects, Babak Darabi, says as much as 40 thousand billion rials, Iranian currency, have been allocated to implementation of construction projects in Fars province.
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Contract on integrated development of Azadegan joint oil field signed in presence of Iran’s first VP
SHANA (Tehran) – The National Iranian Oil Company and Dasht Azadegan Arvand Oil and Gas Development Company signed a contract on the integrated development of Azadegan joint oil field on Sunday.
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NIOC chief says West Karoun holds 86% of Iran’s joint oil reserves
SHANA (Ahvaz) – The National Iranian Oil Company (NIOC) managing director said on Friday West Karoun is home to 86 percent of the country’s shared oil reserves.
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Oil minister’s visit to Monitoring Center of NIOC
SHANA (Tehran) – Iran’s Oil Minister Javad Owji pays a visit to the Monitoring Center of the National Iranian Oil Company (NIOC) in Tehran on February 26, 2024 following a surge in the natural gas consumption during the cold spell.
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Red tape causes long delay in signing contracts: NIOC chief
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said too much bureaucracy causes a long delay in signing contracts.
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NIOC chief: $14b contracts, SP pressure-boosting project due by end of winter
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director announced $14 billion contracts for developing oil and gas fields will be signed and a project for boosting pressure in the South Pars (SP) gas field will start by the end of this winter.
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NIOC chief: Seven oil, gas projects’ operation to create $6b wealth
SHANA (Ahvaz) – The National Iranian Oil Company (NIOC) managing director said on Tuesday the operation of seven new oil and gas projects will bring in some $6 billion.
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NIOC eyes 1.5 bcm/d gas production capacity with over $70b investment: CEO
SHANA (Tehran) – The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).
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NIOC chief says oil, gas production in Iran will continue for next 100 years
SHANA (Tehran) – Oil and gas production in Iran, thanks to its current reserves, will continue for the next 90-100 years, said the National Iranian Oil Company (NIOC) managing director on Tuesday.
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Iran’s oil output up 60% under 13th administration: NIOC chief
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said the country’s oil production has jumped 60 percent since the 13th administration took office in August 2021.
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Iran’s 10-year gas storage record shattered
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said gas stockpiled in the first eight months of the current Iranian calendar year (staring March 21, 2023) broke the country’s 10-year record.
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Russian companies developing seven oil fields in Iran, says NIOC CEO
SHANA (Tehran) – Some Russian companies are developing seven oil fields in Iran, said the National Iranian Oil Company (NIOC) managing director.
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MoU on AI center setup, oil, gas fields digitalization inked
SHANA (Tehran) – The National Iranian Oil Company (NIOC) and the Presidential Department of Science, Technology and Knowledge-Based Economy sign a memorandum of understanding (MoU) to set up a strategic artificial intelligence (AI) center to digitalize 15 oil and gas fields and a contract to master the technology for drilling long multilateral horizontal wells by using homegrown rotary steerable systems (RSS) in the presence of NIOC Managing Director Mohsen Khojastehmehr and department chief Rouhollah Dehqan Firouzabadi in Tehran on November 14, 2023.
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Iran to use AI to manage oil, gas production: NIOC
SHANA (Tehran) – The National Iranian Oil Company (NIOC) said artificial intelligence (AI) will be used to manage production in oil and gas fields.
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NIOC signs contracts with domestic companies to drill 35 South Pars infill gas wells
SHANA (Tehran) – The National Iranian Oil Company signed four contracts with domestic companies to drill 35 infill wells in the South Pars gas field, said the NIOC managing director on Monday.
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Iran offers $250bn oil investment opportunity at China expo
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within the next eight years.
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Iran outdoes regional states in oil, gas exploration: NIOC chief
SHANA (Tehran) – Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.
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$50b projects to drive Iran’s oil, gas output growth underway: NIOC official
SHANA (Tehran) – A number of oil and gas projects worth some $50 billion are in progress, said a National Iranian Oil Company (NIOC) official on Wednesday.
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NIOC-Insurance Companies Forum
SHANA (Tehran) – The National Iranian Oil Company and insurance companies hold a forum in the presence of NIOC Managing Director Mohsen Khojastehmehr in Shahid Beheshti Hall of the Oil Ministry in Tehran on September 20, 2023.
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SP Phase 11 development project implemented after two-decade hiatus
SHANA (Tehran) – The National Iranian Oil Company managing director on Sunday said the development project of Phase 11 of the South Pars (SP) gas field was implemented by NIOC under the 13th (incumbent) administration after a 20-year delay.
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NIOC head: South Pars Phase 11 gas production starts
SHANA (Tehran) – The National Iranian Oil Company (NIOC) on Tuesday said gas production at Phase 11 of the South Pars (SP) field has started.