SP gas extraction exceeds mandatory commitment

SHANA (Tehran) – The deputy of operations and support at Pars Oil and Gas Company announced the completion and commissioning of 14 new gas wells in the South Pars field over the past 15 months, emphasizing: "Due to the country's needs, this field is extracting gas beyond its set program."

Daily gas extraction from South Pars reaches 727 mcm

SHANA (Tehran) – The daily gas extraction from the shared South Pars gas field reached a record 727 million cubic meters, the CEO of the National Iranian Oil Company announced Wednesday.

Reducing private-sector investment risk in oil industry

SHANA (Tehran) – The CEO of PetroIran Development Company said the investment volume under a contract to supply four drilling rigs to the National Iranian Oil Company (NIOC) is about $200 million, adding that the public-private partnership (PPP) contract model guarantees the company’s operations for five years, significantly reducing investment risk for the private sector.

Household use claims lion’s share of monthly gas output

SHANA (Tehran) – Natural gas consumption in the household, commercial and small industrial sectors totaled more than 16 billion cubic meters in Azar 1404 (November 22-December 21, 2025), accounting for a significant share of the country’s total gas production. Average daily consumption during the month stood at 545.8 million cubic meters.

Which firms are executing billion-dollar oil contracts?

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has signed about $2.7 billion in contracts with 12 domestic and foreign companies for "guaranteed drilling services" and "crude oil processing services for oil fields" under a public-private partnership model. The agreements, signed on Thursday, January 15, were attended by Masoud Pezeshkian, the president, and Minister of Oil Mohsen Paknejad. But which companies will execute these contracts and play a role in increasing and maintaining Iran's oil production?

Private sector to process 12% of Iran’s crude

SHANA (Tehran) – With the implementation of skid-mounted equipment projects under a public-private partnership model, 12% of oil refining operations within National Iranian Oil Company will be done by the private and non-governmental sectors, said the investment and business development director of the National Iranian Oil Company (NIOC).

Inking contract worth $1b on guaranteed purchase of drilling services

SHANA (Tehran) – Oil minister put the total value of a contract signed by the National Iranian Oil Company on guaranteed purchase of drilling services at about $1 billion, explaining that 20 drilling rigs of 2,000 horse power will be added to Iran’s drilling fleet in five years.

Appointment of acting public relations chief at NIOC

SHANA (Tehran) – The National Iranian Oil Company appointed Masoud Keshavarz as acting head of public relations.

Gov’t ready to eliminate barriers to investors

SHANA (Tehran) – President Masoud Pezeshkian expressed his thanks to Oil Ministry staffs for their efforts in progressing the develop-based goals of the 14th administration in the oil and energy, especially on cooperation and attraction of private sector collaboration.

In a ceremony attended by President Pezeshkian

NIOC signs $2.7b-worth investment contracts

SHANA (Tehran) – The National Iranian Oil Company (NIOC) signed contracts on guaranteed purchase of drilling services and processing crude in oilfields with a total value of $2.7 billion in on Thursday.

Ascending trend for flare gas collection during last year

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) said his company inaugurated major projects during last Iranian year (ended March 20, 2025), adding that flare gas collection witnessed a rising trend compared to previous periods.

No stalled receivables from oil exports

SHANA (Tehran) – The financial director of the National Iranian Oil Company denied reports that $8 billion in revenue from crude oil and gas condensate exports has not been collected, saying there are currently no stalled receivables.

NIOC sees faster payment collection amid oil price decline

SHANA (Tehran) – Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.

Localization of technology key to boosting oil, gas output

SHANA (Tehran) – The technical adviser to the CEO of the National Iranian Oil Company (NIOC) emphasized the need to upgrade hydraulic fracturing know-how, saying higher oil and gas production cannot be achieved solely by expanding drilling fleets. Localizing key technologies, he said, is the fastest and most cost-effective path to boosting national output.

New processing unit speeds oil treatment at South Azadegan Field

SHANA (Tehran) – The head of the National Iranian Oil Company said the start-up of a new processing train at the shared South Azadegan oil field will strengthen infrastructure, speed crude oil processing and support balanced development of shared fields.

Digital transformation at core of NIOC research contracts

SHANA (Tehran) – The head of research and technology at the National Iranian Oil Company said the company has signed new research and technology contracts centered on the use of artificial intelligence and digital transformation in exploration, drilling and production to boost efficiency and cut time and costs.

Focus on cost cuts and higher output

Research tops NIOC agenda

SHANA (Tehran) – The head of the National Iranian Oil Company said research is a top priority for the company, citing the allocation of 4% of operating expenditures to research activities, a focus on innovative studies and efforts to improve drilling rig efficiency as key pillars for boosting production and creating economic value.

Human capital is pillar of sustainable development in oil industry

SHANA (Tehran) – The CEO of the National Iranian Gas Company said sustained attention to the oil industry and its workforce is essential to achieving sustainable development, adding that the first step toward administrative integrity is a proper understanding of upstream policy documents and the clear, operational definition of the legislature’s expectations.

NIOC:

Process reform most effective tool in fight against corruption

SHANA (Tehran) – The CEO of the National Iranian Oil Company stressed the need for integrity, justice and transparency in the administrative system, saying an effective fight against corruption depends primarily on reforming processes, enforcing the law, promoting a culture of compliance and ensuring managers demonstrate commitment to administrative integrity in practice.

Parliament approves budget line for NIOC

SHANA (Tehran) – Lawmakers have approved creating a dedicated budget line for investment in approved projects of the National Iranian Oil Company (NIOC) and other exploration and production companies in the annual budget.

Streamlining NIOC to cut project timelines: Paknejad

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the National Iranian Oil Company must be streamlined to shorten project execution timelines.

NISOC sets record in overhauls

SHANA (Tehran) – The National Iranian South Oil Company (NISOC) completed more than 85 percent of its planned overhauls in the first half of this year, a milestone made possible by early preparation of documentation, scopes of work and contractor selection beginning in winter 1403.

Drilling of Belal development wells begins

SHANA (Tehran) – The head of the National Iranian Oil Company announced the start of drilling operations for development wells at the Belal field, relying on the expertise of Iranian engineers.

NIOC Sports Council chief appointed

SHANA (Tehran) – The CEO of the National Iranian Oil Company has appointed Mohammadreza Amirifard as head of the company’s Sports Council.

Khartang gas field to begin production ahead of schedule

SHANA (Tehran) – Daily production of 5 million cubic meters of gas from the Khartang field will begin earlier than planned, thanks to round-the-clock efforts by operational crews and in line with the goal of ensuring stable gas supplies for the winter.

CEO Bovard appoints new NICO head

SHANA (Tehran) – Hamid Bovard, managing director of the National Iranian Oil Company, appointed Gholamreza Farahani on Saturday as the new chief executive of the Naftiran Intertrade Company (NICO), according to an official decree.

NIDC seen as key to stability, growth

SHANA (Tehran) – The head of the National Iranian Oil Company (NIOC) described the National Iranian Drilling Company (NIDC) as strategically important to the country’s oil and gas production, saying higher drilling efficiency, reduced nonoperational times and greater organizational agility are among the industry’s main expectations.

Management changes seen as catalyst for faster oil industry development

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described recent leadership changes as an opportunity to accelerate the development of Iran’s oil and gas sector, emphasizing that this direction will continue.

NIOC appoints acting head of oil and gas production oversight

SHANA (Tehran) – The National Iranian Oil Company appointed Reza Kheilaei as acting director of its Oil and Gas Production Oversight Department.

CEO Bovard appoints new executives across key state oil companies

SHANA (Tehran) – Hamid Bovard, managing director of the National Iranian Oil Company, on Sunday appointed Morteza Fouladi as CEO of the National Iranian Drilling Company, replacing Mehran Makvandi.