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.

Reforming financial terms; prerequisite for meeting oil production goals

SHANA (Tehran) – A deputy oil minister warned that without a reform of its financial relationship with the government, the National Iranian Oil Company (NIOC) – the nation's largest economic enterprise – risks bankruptcy in the coming years.

HSE called backbone of NIOC’s value chain

SHANA (Tehran) – The head of oil and gas production supervision at the National Iranian Oil Company (NIOC) described Health, Safety and Environment (HSE) as the backbone of the company’s value chain, emphasizing the importance of HSE participation from the design phase through operations to minimize potential risks.

Gov't takes unprecedented steps to curb gas flaring:NIOC

SHANA (Tehran) - The head of the National Iranian Oil Company (NIOC) described the 14th administration’s efforts to collect and curb flared gas as “unprecedented,” saying the company is working to accelerate gas recovery and reduce environmental challenges through new contracts and ongoing cooperation with environmental organizations.

Facilitating oversight needed to ensure stable production: NIOC

SHANA (Tehran) – The head of the National Iranian Oil Company called for a more facilitative approach from oversight bodies, saying it is essential for supporting the industry’s national mission as the country prepares for heightened winter gas demand.

NIOC board convenes in Asaluyeh as company prepares for steady winter gas supply

SHANA (Tehran) – The National Iranian Oil Company (NIOC) is fully prepared to ensure a stable gas supply during the winter season, the company’s managing director said Sunday.

Iran, Japan discuss expanding environmental cooperation in oil sector

SHANA (Tehran) – Alireza Nojoumi, head of HSE, passive defense, and crisis management at the National Iranian Oil Company (NIOC), met with the director of the Middle East Department at Japan’s Ministry of Economy, Trade and Industry (METI) to explore ways to enhance cooperation on environmental issues.

Iran to capture 90% of gas flares by mid-March 2028

SHANA (Tehran) – The National Iranian Oil Company (NIOC) aims to collect more than 90% of the country’s gas flares by mid-March 2028 through major investment and private-sector participation, the company’s chief executive said Saturday.

Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

$800m allocated to modernize drilling equipment

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has allocated $800 million to overhaul and modernize the drilling rigs and operational equipment of the National Iranian Drilling Company (NIDC), the company’s managing director announced.

NIOC takes major step to boost oil recovery at Ahvaz field

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of the Ahvaz oil field as the country’s largest, saying the new project marks a significant move toward increasing the recovery factor and advancing national oil industry policies aimed at implementing enhanced oil recovery (EOR) methods.

NIOC head highlights offshore oil output in Persian Gulf

SHANA (Tehran) – The managing director of the National Iranian Oil Company said achieving production targets in the Persian Gulf’s offshore fields, despite sanctions and aging equipment, is a significant accomplishment.

Scientific approach key to solving oil industry challenges, official says

SHANA (Tehran) – The production oversight director of the National Iranian Oil Company stressed the need to clearly identify challenges in developing the oil industry, saying that with a scientific approach, those challenges can be recognized and resolved.

NIOC ready to share risks, support university innovations

SHANA (Tehran) – The CEO of the National Iranian Oil Company said innovative and technological ideas must deliver practical results, adding that the company is prepared to shoulder the operational costs and risks of implementing such projects in the oil industry.

NIOC, NDF plan joint model to boost oil, gas output

SHANA (Tehran) – The head of the National Iranian Oil Company announced a new model of cooperation with the National Development Fund, using diverse investment methods to increase oil and gas production.

HSE remains central to all oil industry operations

SHANA (Tehran) – The CEO of the National Iranian Oil Company marked National Firefighting and Safety Day by highlighting the bravery of the oil industry’s firefighters and emphasizing the importance of health, safety, environment, and employee well-being in all oil sector activities.