NIOC

Iranian Oil Industrialists Welcome Global Activities

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: "We always welcome interaction with the world and Iranian companies welcome interaction and competition with foreign companies and regard it as a factor for growth and better performance."
2021-01-22 17:02
NIOC Inks 8 Oil Deals with Local Firms

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed 8 contracts for boosting and maintaining production at Iranian oil fields with domestic companies.
2021-01-11 18:02
NIOC to Issue Rls. 20,000bn of Bonds to Finance Oil Projects

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company said NIOC was planning to issue Rls. 20,000 bn worth of bonds to finance projects aimed at production enhancement and maintenance of oil fields in Iran.
2021-01-11 14:48
NIOC Signs 13 Research Deals with Universities

TEHRAN (Shana) -- National Iranian Oil Company (NIOC) recently signed 13 agreements with Iranian universities and research centers worth €35 million plus IRR 7,160 billion for conducting research on enhanced oil recovery (EOR).
2020-11-09 11:17
NIOC Inks Major Oil Research Deal with Local Universities, Research Centers

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts worth a total of €35 million and Rls. 7,160 billion with 13 Iranian universities and research centers.
2020-09-21 10:43
Iran, 1st in World in Oil and Gas Discovery despite Inequalities: Official

TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) was ranked first in the world in completely unequal conditions due to the imposition of severe sanctions, said an NIOC official.
2020-09-21 10:23
GECF Members Appoint Iran Official as Head of Legal Affairs

TEHRAN (Shana) -- Seyed Hassan Mousavi, the former legal director of the National Iranian Oil Company, has recently been appointed by members of the Gas Exporting Countries Forum (GECF) as the head of legal affairs of the forum.
2020-09-12 15:42
Iran Firms Wielding 70% Share in Oil Production Enhancement, Maintenance Projects: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the country’s fields.
2020-08-17 13:16
NIOC to Ink Research Deal with Local Universities: CEO

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) Masoud Karbasian said his company had planned to sign 12 research contracts with Iranian universities.
2020-07-20 16:17
PEDEC Signs Deal with Petropars for Azadegan Oilfield Development

TEHRAN (Shana) – The Petroleum Engineering and Development Company (PEDEC) is to sign a deal with Petropars Company for completing the development of South Azadegan field.
2020-07-19 11:00
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