NIOC

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.
2024-03-08 21:03
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.
2024-02-26 16:56
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.
2024-02-20 18:11
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.
2024-02-11 14:22
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.
2024-02-07 03:12
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).
2024-01-26 18:40
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.
2024-01-16 15:47
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.
2023-12-15 12:07
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.
2023-11-27 16:05
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.
2023-11-15 19:15
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.
2023-11-15 18:15
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.
2023-11-15 17:38
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.
2023-11-13 19:29
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.
2023-11-06 14:53
Iran oil production to hit 3.5m bpd by mid-March 2024: NIOC CEO

2023-10-16 19:20
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.
2023-10-10 12:48
$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.
2023-09-20 23:47
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.
2023-09-20 16:09
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.
2023-08-28 00:47
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.
2023-08-15 16:44
NIOC CEO meeting with media persons

SHANA (Tehran) – Mohsen Khojastehmehr, the National Iranian Oil Company (NIOC) managing director, meets the country’s media persons at the National Iranian Oil Company's Kushk Hall Center in Tehran to mark the National Reporter’s Day on August 9, 2023.
2023-08-09 22:33
NIOC chief: Iran oil output to rise to 3.5m bpd by summer end

SHANA (Tehran) – The National Iranian Oil Company managing director on Wednesday said the country’s crude production will hit 3.5 million barrels per day (bpd) by September 22, 2023.
2023-08-09 17:57
NIOC chief: SP Phase 11 platform transport ‘unparalleled’ in Iran oil history

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Wednesday said transportation of the South Pars Phase 11 is “unparalleled” in the history of the country’s oil industry in terms of execution and complexity.
2023-06-28 23:55
NIOC chief says Iran will definitely produce oil, gas for next 100 years

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years.
2023-05-27 01:03
NIOC head says SPOL, Farzad B field development will boost oil, gas output

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Saturday said development of South Pars Oil Layer (SPOL) and Farzad B field will help increase oil and gas production.
2023-05-21 16:11
Iran rivals foreigners in exploration

Exploration in Iran’s petroleum industry has advanced to the extent that a large number of countries currently are asking Iran to share its geological experience with them. Mehdi Fakour, director of exploration at National Iranian Oil Company (NIOC), has said Iran has achieved geochemical and geobotanic technology in oil exploration, thereby becoming a rival to foreign companies in exploration technologies. Iran is currently in oil and gas exploration relationship with four neighbors. Talks are also under way for exporting local know-how and equipment to these countries. Fakour said it would create value and income for Iran.
2023-05-21 13:53
Gas compression at South Pars

South Pars giant offshore gas field is largely expected to experience pressure fall-off within five years. Should no action be taken the field, which Iran shares with Qatar, would see its output drop 25 mcm/y. As a preventive measure, Iran’s Petroleum Ministry has adopted various methods like regular planning to drill new wells, acidizing existing wells and designing gas compression platforms with a view to maintaining pressure in the South Pars reservoir. In parallel, National Iranian Oil Company (NIOC) is planning studies on onshore and offshore platforms as a preventive measure.
2023-05-18 11:26
NIOC, Gazprom discuss investment in oil, gas development projects

SHANA (Tehran) – The National Iranian Oil Company head and Russian state company Gazprom deputy chairman held talks on investment patterns for development of oil and gas fields.
2023-05-18 10:44
NIOC CEO unveils 16 new exploration blocks

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.
2023-05-14 19:48
NIOC head: Iran oil output up 600,000 bpd under incumbent administration

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the 13th (incumbent) administration.
2023-05-08 15:01