Khojastehmehr

  • NIOC CEO Meets with Vice President of Indonesian Parliament

    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.

  • Iran Eyes 5.7 mbd Oil Output

    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.

  • NIOC Welcoming Domestic, Foreign Oil Investment: CEO

    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."

  • Phase 11 Gas Production Next Year

    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

    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.

  • Oil Money Collected: NIOC

    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.”

  • Development of Azadegan Field Complete by mid-2023

    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.”

  • 30% of Iran Oil and Gas Resources Recoverable: NIOC CEO

    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.”

  • UPDATED--NIOC not waiting for Foreigners

    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."

  • NIOC Seeking Win-Win Opportunities in Investment Sector: CEO

    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.”

  • $11b Investment Needed in Iran Offshore Gas Fields

    $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. 

  • Iran Gas Output to Reach 940 mcm/d in Winter

    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.

  • Completing West Karun Projects Requires $11b: CEO

    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.

  • NIOC Bracing for Big Jobs: CEO

    NIOC Bracing for Big Jobs: CEO

    TEHRAN (Shana) – The newly-appointed CEO of the National Iranian Oil Company (NIOC) emphasized the need to adopt macro approaches based on comprehensive views and pay special attention to productivity, efficiency and scientific management, said: “NIOC, taking advantage of these characteristics and creating synergies between forces, will be ready to perform major tasks.”