NIOC

Iran Eyes $2b in Yaran Oilfield Development

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said developing Yaran joint oilfield would generate 2 billion dollars in revenue for Iran.
2020-07-11 15:22
Iran Pahlavi I Petroleum Industry

Oil Revenue for Regime

TEHRAN (Shana) -- In the previous issue, we discussed how the Pahlavi I regime affected Iran’s petroleum industry developments that led to changes in the D’Arcy Concession. The agreement was struck in the final years of the Qajar in power. It was practically lost in the midst of Constitutionalism.
2020-06-28 15:13
NIOC 1398 Review

TEHRAN (Shana) -- Iran’s petroleum industry went through a tough and breathtaking period in the calendar year 1398 (ended March 19) as the United States tightened its sanctions on this sector. However, the developments of Iran’s last calendar year show that the country has managed to go ahead with its capacity building projects with a view to maximizing its output once the sanctions have been lifted. That is exactly what happened after Iran struck its historic 2015 nuclear deal with six world powers as the country immediately lifted its oil output capacity.
2020-05-11 12:20
All Iran Sedimentary Basins Located, Prioritized by NIOC: Official

TEHRAN (Shana) -- A senior official with the National Iranian Oil Company (NIOC) underlined the importance of studying and modeling sedimentary basins to ensure exploration in the coming years, adding the exploration department of NIOC had already located and prioritized all sedimentary basins in Iran.
2020-04-21 14:53
Fate of Most Iran Joint Oil, Gas Fields Determined: NIOC

TEHRAN (Shana) -- National Iranian Oil Company (NIOC) says the development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.
2020-01-26 17:04
NIOC to Offer 6mb of Crude Oil, Gas Condensate at IRENEX

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
2019-11-13 18:39
Iran Eyes Revenue Generation by Developing LNG Projects

TEHRAN (Shana) -- Iran is considering liquefied natural gas (LNG) projects in order to generate more revenues from its abundant natural gas reserves.
2019-10-26 11:01
NIOC Seeking Novel Financing Methods to Fund Petroleum Projects

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.
2019-10-16 19:06
NIOC to Continue Signing Oil Contracts with Local Firms

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company was to sign 9 contracts with domestic companies for oil production enhancement and maintenance projects.
2019-09-30 14:59
NIOC to Offer 2mb of Gas Condensate at IRENEX on October 1

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of gas condensate on the international floor of the Iran Energy Exchange (IRENEX) on October 1 at $58.58 per barrel.
2019-09-28 17:54
Tapping Domestic Capabilities, NIOC Priority for Developing Belal Gas Field: CEO

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Belal offshore gas field.
2019-09-14 13:57
New IOOC CEO Appointed

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) CEO has appointed Alireza Salman Zadeh as the new CEO of the Iranian Offshore Oil Company (IOOC).
2019-09-07 17:30
NIOC to Offer 2mb of Gas Condensate at IRENEX on Sep. 11

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of gas condensate on the international floor of the Iran Energy Exchange (IRENEX) on September 11 at $56.9 per barrel.
2019-09-07 15:51
Iran to Begin SP.11 Development before March 2020: Official

TEHRAN (Shana) -- An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this calendar year, which ends on March 20.
2019-09-01 13:54
NIOC Ready to Maximize Iran Oil Output: Official

TEHRAN (Shana) -- A senior official with the National Iranian Oil Company (NIOC) said that the company was ready to resume the country’s maximum crude oil production.
2019-08-27 15:57
NIOC to Offer Heavy Crude Oil at IRENEX on Aug. 27

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the international floor of the Iran Energy Exchange (IRENEX) on August 27 for $50.37 per barrel.
2019-08-24 11:38
NISOC to Collect Flare Gas Burners in 3 Years: CEO

TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said his company had planned and was required by National Iranian Oil Company (NIOC) to gather all the flare stacks in southern oilfields of Iran.
2019-08-17 13:03
5% Recovery Rate at Iran's Largest Joint Oilfield

TEHRAN (Shana) -- The Director of Consolidated Planning at the National Iranian Oil Company (NIOC) said according to the MDPs provided to the NIOC for developing South and North Azadegan oilfields, the initial recovery rate in the Sarvak layer of South Azadegan is 5.1% and 4.5% in North Azadegan which is while the layer accounts for nearly 90% of the field’s in-place oil reserves.
2019-08-11 13:19
Iran NOCs Entrust Comprehensive Studies of Oil Reservoirs to Local Firms

TEHRAN (Shana) -- This May, during the International Tehran Oil Show, the National Iranian South Oil Company (NISOC), among other Iranian oil companies, signed a contract for comprehensive studies on six oil fields.
2019-07-10 10:44
NIOC to Offer 2 mb of Gas Condensate at IRENEX

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of gas condensate on the Iran Energy Exchange (IRENEX) on June 3.
2019-06-01 11:33
NIOC to Sell 2 mb of Oil at Energy Exchange on May 28

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on May 28.
2019-05-22 17:16
NIOC to Market 2mb of Light Crude Oil at IRENEX on May. 21

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to supply 2 million barrels of light crude oil on the international floor of Iran Energy Exchange (IRENEX) on May. 21.
2019-05-18 12:33
9 Deals Struck with Iranian Contractors

Iran Oil Fields to Raise Output

TEHRAN (Shana) -- Two subsidiaries of National Iranian Oil Company (NIOC) have signed nine agreements with seven Iranian contractors for the preservation and enhancement of recovery from Iranian oil fields.
2019-05-13 11:29
NIOC to Set Up Representative Office in Iraq

TEHRAN (Shana) -- National Iranian Oil Company (NIOC) will set up a representative office in Iraq to facilitate activities by Iranian producers and constructors in the neighboring state.
2019-05-03 17:50
NIOC Awarding 8 Field Development Projects

TEHRAN (Shana) -- A deputy CEO of National Iranian Oil Company (NIOC) has said that the development of eight fields was to be awarded to mainly Iranian companies.
2019-05-02 17:57
NIOC Eyes Enhanced Trade Ties with China

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said he was optimistic about the future of trade ties between Iran and China.
2019-05-01 18:54
NIOC to Issue Fixed-Rate Bonds on March 13

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) will start offering Rls. 20,000 billion worth of fixed rate bonds (Manfa’at Bonds) on Wednesday, March 13, 2019, in order to provide financing for projects aimed at production enhancement and maintenance of oil fields.
2019-03-12 18:45
New Petropars CEO Appointed

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) appointed Hamid Reza Masoudi as the new head of Petropars Ltd. (PPL).
2019-02-13 17:05