Iran sets June 2025 oil prices for global markets

SHANA (Tehran) – The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.

Revive exploration council to secure Iran’s oil future, says former NIOC director

SHANA (Tehran) – Saleh Hendi, former exploration director of the National Iranian Oil Company (NIOC), emphasized the strategic role of exploration in the future of the oil industry and called for the revival of the Supreme Exploration Council and greater attention to this sector by senior managers. He stated, "Exploration workers are the unsung pioneers of the oil industry."

NIOC emphasis on accelerating offshore oil projects

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stressed the need to expedite the implementation of projects by the Iranian Offshore Oil Company (IOOC) in the Persian Gulf.

Gov’t works to sustain oil exports despite sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the strategic importance of Kharg Island and praised the 14th administration’s intensified efforts to maintain exports under sanctions. “Kharg is not just an oil terminal—it symbolizes national synergy in safeguarding the country’s underground wealth,” he said.

NIOC head stresses collaboration, precision in financial management

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described financial affairs as one of the most complex yet critical pillars of the company, stating that financial management demands precision, insight, and comprehensive coordination.

$1b gas field development contract inked

SHANA (Tehran) – A contract to develop the Gouran and Pazan gas fields was signed between the National Iranian Oil Company (NIOC) and three domestic companies on the final day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition.

150,000-barrels increase in oil production under 14th administration

SHANA (Tehran) – The head of oil and gas production monitoring at the National Iranian Oil Company announced a 150,000-barrels increase in oil production in 1403 (ended March 20) despite a temporary halt in output from the Abouzar field.

Iran ready to work with investors under any contract model

SHANA (Tehran) – The CEO of the National Iranian Oil Co. (NIOC) emphasized the importance of investment in research and development (R&D), stating, "We are ready to cooperate with thinkers, new technology-based firms, and investors under any contract model."

8% economic growth achievable through surge in oil industry investment

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that directing domestic investments toward the oil industry would stimulate other economic sectors, helping achieve the projected 8% growth target under the Seventh Development Plan.

Iran on track to become region’s largest oil industry operations hub

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) said Iran is on its way to becoming the largest operational hub for the oil industry in the region.

NIOC Innovation Summit: A major step toward a data-driven future

SHANA (Tehran) – The Iran Oil Innovation Event (NIOC Innovation Summit 2025) will take place alongside the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) in Hall 37A (IHIT Hall) at the Tehran Permanent International Fairground.

NIOC shifts approach to attracting domestic, int’l investors

SHANA (Tehran) – The head of investment opportunity identification and development at National Iranian Oil Company (NIOC) said the company has changed its approach to offering investment opportunities, emphasizing a new strategy to build mutual trust with investors through incentives.

NIOC:

Oil industry contract terms reduced to six months

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced a recent decision by the Economic Council to reduce the maximum duration of oil industry contracts to six months.

NIOC announces OSP for April

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.

Oil Ministry subsidiaries secure major oil, gas contracts in 1403

SHANA (Tehran) – Subsidiaries of Iran’s Oil Ministry achieved outstanding performance in 1403 by signing significant contracts in large and medium-scale transactions, marking a major step in developing the country’s hydrocarbon industry.

NIOC performance in 1403: Achieving priorities through capabilities

SHANA (Tehran) –National Iranian Oil Company (NIOC) made significant strides in 1403, driven by the efforts of its employees to bolster the economy.

NIOC CEO extends Nowruz greetings

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) extended congratulations to all employees and their families on the occasion of Nowruz, the Iranian New Year.

Paknejad:

Winter fuel supply showcases magnificent collaboration in vast oil industry

SHANA (Tehran) – Oil Minister Mohsen Paknejad thanked all industry colleagues for their relentless, round-the-clock efforts to secure winter fuel supplies, stating: “What transpired was a display of magnificent collaboration, interaction, and tireless work across various managerial, operational, and administrative levels in the vast oil industry to meet the nation’s energy needs.”

Iran's largest land-sea seismic survey project completed

SHANA (Tehran) – The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.

New ruling issued in Crescent Petroleum case in favor of NIOC

SHANA (Tehran) – The Arbitration Tribunal dismissed Crescent Petroleum’s claim that the National Iranian Oil Company (NIOC) is liable to the UAE company for damages caused to third parties (companies contracted with Crescent Petroleum).

Iran, Russia emphasize expanding oil collaboration through joint projects

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) and the deputy energy minister of Russia stressed the importance of expanding bilateral cooperation through joint oil projects.

Daily gas extraction from SP hits 716 mcm: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced a record daily extraction of 716 million cubic meters from the South Pars joint field and called on the public to take the "2 Degrees Less" campaign seriously and consume energy fairly.

Strategic oil projects set to launch in the near future: NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) is implementing significant plans for the development of oil and gas fields, prioritizing these projects as key components of its developmental strategy.

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.

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.

NIOC head:

Oil industry drives Iran’s economy amid turbulence, sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) highlighted the role of the oil industry in the country’s economy over recent decades, stating that for the past 46 years, the oil sector has been the driving force behind Iran’s economy and a lifeline for the Islamic Revolution during times of turmoil and sanctions.

NIOC urges utilizing youth potential to achieve economic goals

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC), in a message marking the arrival of the 10-Day Dawn of Fajr and the anniversary of the Islamic Revolution, honored the memory of the revolution's martyrs and the Imam of Martyrs.