NIOC

106% Rise in Operating Income of Shiraz Petchem Plant

TEHRAN (Shana) -- Shiraz Petrochemical Company announced that in the first half of the current calendar year, which began on March 21, it had an operating income of 53,000 billion rials, up 106% year-on-year.
2021-10-25 15:57
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.
2021-10-25 14:47
Compensatory Projects Needed to Ensure Iran Sustainable Gas Supply

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the country would need to invest $65 to $89 billion to develop its oil and gas fields otherwise it will become a gas importer in the coming years.
2021-10-23 11:30
New IOOC CEO Appointed

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree to appoint Alireza Mehdizadeh as the CEO of the Iranian Offshore Oil Company (IOOC).
2021-10-19 14:55
New AOGC Caretaker Appointed

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree to appoint Abdullah Azari as the caretaker of Arvandan Oil and Gas Company (AOGC).
2021-10-05 09:08
NIOC CEO Appoints NISOC Caretaker

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) issued a decree appointing Alireza Daneshi as the caretaker of the National Iranian South Oil Company (NISOC).
2021-10-05 08:57
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.”
2021-09-25 16:50
Owji Appoints NIOC CEO

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji appointed Mohsen Khojasteh Mehr as his deputy and the CEO of the National Iranian Oil Company (NIOC).
2021-09-22 20:48
NIOC Launches Monitoring Center

TEHRAN (Shana) -- The monitoring center of the National Iranian Oil Company (NIOC), which was established with the aim of collecting, aggregating and displaying online and continuous data on production, domestic distribution and foreign trade of oil, gas, gas condensate, gaseous liquids and naphtha, has been launched officially.
2021-08-09 17:06
Crude Oil Loading to begin at Jask Terminal in Days

TEHRAN (Shana) – A senior official with the National Iranian Oil Company (NIOC) said that the crude oil in the Goreh-Jask pipeline will reach the Jask terminal in about 20 kilometers and “we expect the first shipment of crude oil to be loaded by the end of the week.”
2021-07-19 12:43
NIOC Prepared for Speedy Resumption of Iran Oil Production

TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."
2021-06-09 15:35
NIOC Inks Study MoUs with Local Firms for developing Azadegan Field

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) signed three study memoranda with local E&P firms for the development of Azadegan Oilfield.
2021-05-31 13:09
NIOC Starts Oil Extraction Pilot with Nanofluid Injection

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has started nanofluid injection into the Surmeh reservoir of Bilal Oilfield as an operational step in implementation of methods to enhanced oil recovery (EOR) in the field.
2021-05-22 14:03
NIOC Says Welcomes Foreign Investors

TEHRAN (Shana) – A senior official with the National Iranian Oil Company (NIOC) voiced the company’s keenness to welcome foreign investors in Iran’s oil and gas projects.
2021-05-17 15:37
NIOC Awards $1.78b Farzad gas field development Project to Iran Developer

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf.
2021-05-17 11:02
Petropars to Develop Farzad Gas Field

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to award Petropars company a $1.87 billion contract to develop Farzad B Gas Field.
2021-05-16 23:11
Ex-NIOC CEO Relates Experience of Iran Returning to Oil Market

TEHRAN (Shana) -- The former CEO of the National Iranian Oil Company spoke about the experience of returning Iranian oil to the market after the Joint Comprehensive Plan of Action (JCPOA).
2021-05-15 13:32
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