MOP Lists Iranian E&P Firms

TEHRAN (Shana) -- The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).

NIOC in Exploration Talks with Foreign Partners

NIOC Mulling €30mn Oil Megaprojects

TEHRAN (Shana) -- The Director of Research and Technology of the National Iranian Oil Company (NIOC) said the company has defined 10 oil and gas megaprojects with a total value of €30 million and Rls. 1,500 billion.

South Pars Phase 11 Gas Available by Winter

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the ongoing negotiations for the development of the Iranian oil market, and said: "Oil exports have improved in recent months, but we are negotiating with new and old customers to develop the market."

Russia Studies of Iran Oil, Gas Fields in Final Stages

TEHRAN (Shana) -- The CEO of National Iranian Oil Company (NIOC) the study of Iran’s oil and gas fields by Russian companies is nearing its end and the Memoranda of understanding (MoUs) for these studies will soon turn into contracts.

NIOC Announced Iran Crude Price for October Delivery

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.

$100m FDI to Build LPG Export Terminal

TEHRAN (Shana) – The CEO of the National Iranian Oil aCompany (NIOC) said a foreign direct investment (FDI) of 100 million dollars has been allocated for establishment of a liquefied petroleum gas (LPG) export terminal in Iran.

Iran Builders Break Monopoly of Strategic Oil Equipment

TEHRAN (Shana) – Iranian manufacturers have acquired the savvy to construct items in oil industry whose supply was monopolized by certain few in the past, said the CEO of the National Iranian Oil Company (NIOC).

Iran Earmarks $5.5b to Develop Khami Group Fields

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the development of the fields of Khami Group were to be developed with an investment of 5.5 billion dollars for the first time.

Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.

IRENEX, NIOC Cooperation could Boost Oil Exports: CEO

TEHRAN (Shana) – The CEO of Iran Energy Exchange (IRENEX) said with the development of cooperation between Iran Energy Exchange and the National Iranian Oil Company (NIOC), an increase in transparency in oil products transactions and an increase in the export of these products will be achieved.

NIOC cements Largest FDI Deal with Gazprom

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding with Gazprom is one of the biggest foreign direct investment deals in the history of Iran's oil industry, and said: The National Iranian Oil Company does not ignore any investment opportunity.”

Oil, Petchem Sectors Key to Attracting Investment, Production Boom

TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.

Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.

Iran, Iraq forming Joint Technical Groups to Develop Energy Ties

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said Iran and Iraq were to form a joint working group to cooperate in joint fields, transfer technology and equipment from Iran based on the ability of private companies and send technical and specialized groups from the two countries to identify cooperation capacities.

NIOC CEO Meets with Deputy Prime Minister of Kazakhstan

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) met with Kazakhstan Deputy Prime Minister and Minister of Trade and Integration Bakhyt Sultanov to discuss cooperation capacities between the two countries in the field of energy.

No Limits in Talking with Foreign Investors: NIOC Official

TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC) said: "Negotiations with domestic and foreign investors in the oil industry are being pursued and there are no restrictions for this sector."

Armenian Minister Hails Iran’s ‘Astonishing’ Progress in Energy Sector

SHANA (Tehran) – Armenia’s minister of territorial administration and infrastructures visiting Iran Oil Show 2022 here on Sunday described the country’s progress in the energy sector as “astonishing”.

Oil Production to Increase in Azadegan Field

TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced on Saturday that the company has planned to produce 570,000 barrels of oil from Azadegan field per day.

NIOC Chief: $7.5bn Contract with Iranian Consortium in the Offing

TEHRAN (Shana) – The CEO of the National Iranian Oil ‎Company (NIOC) here on Saturday announced that a 7.5-‎billion-dollar contract on the development of joint fields ‎will be soon signed with a domestic consortium.‎

Expansion of NIOC-Gazprom Cooperation on Agenda

TEHRAN (Shana) – Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr put great emphasis on the promotion of cooperation between his country and Russia in the energy sector.

Iran Eyes 5.7 mbd Oil Output

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company, emphasizing the importance of repairing and renovating the facilities of oil terminals, announced the prospect of the country's crude oil production capacity to 5.7 million barrels per day within the next eight years.

Iran Wins Lawsuit against French Firm

TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company (IGEDC) announced the €39 million ruling of the International Court of Arbitration in favor of Iran, and added that Iran has won a legal lawsuit with the French company Sofregaz.

NIOC Eyes 4mbd Crude Oil Output in 2022

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the prospect of a daily production capacity of 4 million barrels of crude oil in the calendar year of 1401 which began on March 21.

NIOC Welcoming Domestic, Foreign Oil Investment: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said: "If the oil industry and the country's capital market are combined, the jump in investment in the oil industry under the 13th administration will be materialized."

Russian Firms to Develop Iran Oil, Gas Fields

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the development of Iran's oil and gas fields with the participation of Russian companies.

Phase 11 Gas Production Next Year

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Development and completion of phase 11 of South Pars Gas Field is one of the main priorities of the National Iranian Oil Company (NIOC). In the development plan of phase 11, we are now drilling wells and part of gas recovery from the phase will begin next [calendar] year."

NIOC Calls on Banks, Petchem Holdings to Bankroll Upstream Oil Projects

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) stated that several investment plans have been foreseen for the development of oil projects, and announced negotiations with banks and petrochemical holdings to finance upstream oil projects.

Development of Azadegan Field Complete by mid-2023

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said that the development of Azadegan field would be complete by mid-2023, adding: “With the completion of the development project of this field, crude oil production will reach 320,000 barrels per day from the field.”