Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Specialized workforce strengthening crucial in exploration sector

SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) emphasized the importance of maintaining and strengthening a specialized workforce in the exploration sector, describing it as the first link in the oil industry’s value chain.

IOTC ready to export any volume of delivered oil, CEO says

SHANA (Tehran) – The CEO of the Iran Oil Terminals Company (IOTC), during a visit to the Kharg oil terminal, emphasized the company’s critical role in the oil value chain, stating that the IOTC, relying on domestic capabilities and strategic infrastructure, is prepared to export any volume of oil delivered to it.

NIOC implementing three digital super-systems across eight oil fields

SHANA (Tehran) – The research and technology director of the National Iranian Oil Company (NIOC) announced that three digital super-systems are being implemented across eight oil fields in the country.

Oil collection unit launched at Cheshmeh Khosh field

SHANA (Tehran) – The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.

NIOC announces development of two oil fields in Khuzestan

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.

Aghajari Oil and Gas Production Company shines in boosting Iran’s crude production

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) stated that Aghajari Oil and Gas Production Company has excelled in increasing oil production during the 14th administration.

Iran’s heavy crude oil prices surge in January, OPEC reports

SHANA (Tehran) – According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part Three)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Iran increases oil, gas production despite sanctions: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that despite international challenges and sanctions, Iran has managed to increase its oil and gas production.

Long strides in oil industry: from exploration to production

SHANA (Tehran) – Following the Islamic Revolution, Iran's vast oil industry has achieved remarkable milestones by relying on domestic capabilities and indigenous expertise. Today, Iran's oil and gas sector stands as a symbol of self-sufficiency, independence, and national progress, with Iranian specialists and engineers making significant strides across various stages of the industry, from exploration to production.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part Two)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Hemmati highlights economic significance of lifting Iran's oil sanctions

SHANA (Tehran) – The minister of economic affairs and finance posted on social media platform X that lifting Iran's oil sanctions now holds greater economic importance than ever before.

NIOC boosts gas, oil production capacity

SHANA (Tehran) – Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part One)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Oil production to increase by 10,000 bpd with development of three oilfields

SHANA (Tehran) – The development plan for three oilfields namely Soumar, Saman, and Delavaran in western Iran officially began on Saturday in the attendance of the CEO of the National Iranian Oil Company (NIOC).

Oil minister:

Crude production projected to reach 4.6 mbd by 2028

SHANA (Tehran) – The oil minister stated that, according to the Seventh Development Plan (2024-28), Iran’s crude oil production is expected to reach approximately 4.6 million barrels per day (mbd) by 2028, with the southern oil-rich regions bearing the primary responsibility for this increase.

Minister: Ahvaz Desalination Plant Phase 2 boosts daily crude output

SHANA (Tehran) – The oil minister, in a live televised address, announced the launch of the second phase of the Ahvaz desalination plant under the directive of the president, stating that the project will increase daily crude oil production by more than 40,000 barrels by the end of the year (March 20).

Second phase of Ahvaz oil desalination plant set for inauguration

SHANA (Tehran) – The second phase of the Ahvaz Central Desalination Plant will be inaugurated during the president’s visit to Khuzestan province, with the oil minister in attendance.

Meeting held for development plan of three oilfields

SHANA (Tehran) – The 25th meeting of the Joint Management Committee (JMC) for the development plan of the Cheshmeh Khosh, Dalpari, and Paydar-e Sharq oilfields was held Monday in Tehran.

IOTC:

Iran’s crude exports unstoppable

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) stated that oil exports, as the cornerstone of economic development, continue uninterrupted thanks to the dedicated efforts of employees across all operational regions.

NISOC increases crude oil production

SHANA (Tehran) – The head of the Engineering and Development Department of the National Iranian South Oil Company (NISOC) announced the use of downhole pumps to boost and maintain production from low-pressure wells.

High-quality supplies essential for joint oilfield projects: PEDEC

SHANA (Tehran) – The procurement and logistics manager of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of securing high-quality supplies for strategic projects in shared oilfields as quickly as possible.

NIOC to accelerate hydrocarbon discovery operations

SHANA (Tehran) – Mohyeddin Jafari, head of Exploration Department at the National Iranian Oil Company (NIOC), emphasized the need to improve the execution of drilling projects, stating that the discovery of hydrocarbon resources will accelerate as obstacles are removed and new onshore and offshore rigs are added to the exploration fleet.

Pilot water injection project aims boosting oil extraction

SHANA (Tehran) – Farokh Naseri-Karimvand, technical director of the National Iranian South Oil Company (NISOC), announced that a pilot water injection project could significantly increase recoverable oil reserves in southern oil-rich regions by more than 5 billion barrels if successful.

NISOC:

Crude production of 5 mbd possible

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said achieving a crude production capacity of 5 million barrels per day (mbd) is not out of reach, though it may be delayed due to global shifts away from fossil fuels.