Khojastehmehr
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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.
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NIOC chief: NGL 3200 plant launch a big step toward collecting associated gases
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said on Saturday the first phase of the NGL 3200 project will become operational soon, describing it as a major stride toward collecting associated gases.
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NIOC head: SP Phase 11 gas production due this year
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director here on Wednesday said gas production in South Pars (SP) Phase 11 will begin this year.
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NIOC head: $160bn investment needed to raise Iran oil, gas production by 50%
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50 percent.
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Development of Oil, Gas Fields in Central Regions Accelerating: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) emphasized the need to accelerate the maintenance of the production capacity of the fields operated by the Iranian Central Oil Fields Company (ICOF), and said: “The vision outlined for this company is to increase gas production to 142 million cubic meters per day.”
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Iran Eyes 0.5 bcm Gas Output Growth by 2029
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the company's plan to increase the country’s gas production capacity by 500 million cubic meters per day (mcm/d) by 2029.
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Dasht Azadegan Arvand Company to Start Developing Azadegan Field Soon
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the start of operations of Dasht Azadegan Arvand Company for the integrated development of Azadegan Field within the next two weeks.
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South Pars Phase 11 Project Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the gas from South Pars Phase 11 Project would come online in February.
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South Pars Phase 11 Online Soon
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.
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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."
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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.
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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).
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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.
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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.
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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.
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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.
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NIOC CEO: No Problem with Oil Debt Collection
SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) here on Friday said there is no problem regarding oil debt collection.
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NIOC CEO Meets with Vice President of Indonesian Parliament
TEHRAN (Shana) -- Mohsen Khojastehmehr, the CEO of the National Iranian Oil Company, met with an Indonesian delegation headed by the Vice Speaker of the House of Representatives of the Republic of Indonesia for Industry and Development.
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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.
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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."
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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."
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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.
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Oil Money Collected: NIOC
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said: "Sales of Iranian oil and gas condensate have increased well and export oil money is collected. We plan to return oil production capacity to pre-sanctions levels by the end of the current calendar year, which began on March 21.”
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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.”
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30% of Iran Oil and Gas Resources Recoverable: NIOC CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company stressed the need to absorb and transfer technology in the company, and said: "Underground capital is not our (Iran’s) competitive advantage. It can be an advantage when we can recover it.”
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UPDATED--NIOC not waiting for Foreigners
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the company would welcome the arrival of foreign investment, saying: "If for any reason foreign investment is not materialized, different scenarios are on the table and we will not keep waiting for them."
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NIOC Seeking Win-Win Opportunities in Investment Sector: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to facilitate investment in the oil industry, saying: "When we say we should improve contracts and increase bargaining power and attractiveness of projects, it does not necessarily mean changing the nature of past methods, but seeking to improve and create winning opportunities in the investment sector.”
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$11b Investment Needed in Iran Offshore Gas Fields
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said roughly $11 billion will be invested to bolster gas production from Iran’s offshore fields by 240 million cubic meters.
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Iran Gas Output to Reach 940 mcm/d in Winter
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the country’s natural gas production would reach 940 million cubic meters per day during winter.
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Completing West Karun Projects Requires $11b: CEO
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said that $11 billion is needed to complete the West Karun projects.