NIOC
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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NIOC to Sell 2 mb of Oil at Energy Exchange on May 28
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on May 28.
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NIOC to Market 2mb of Light Crude Oil at IRENEX on May. 21
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to supply 2 million barrels of light crude oil on the international floor of Iran Energy Exchange (IRENEX) on May. 21.
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9 Deals Struck with Iranian Contractors
Iran Oil Fields to Raise Output
TEHRAN (Shana) -- Two subsidiaries of National Iranian Oil Company (NIOC) have signed nine agreements with seven Iranian contractors for the preservation and enhancement of recovery from Iranian oil fields.
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NIOC to Set Up Representative Office in Iraq
TEHRAN (Shana) -- National Iranian Oil Company (NIOC) will set up a representative office in Iraq to facilitate activities by Iranian producers and constructors in the neighboring state.
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NIOC Awarding 8 Field Development Projects
TEHRAN (Shana) -- A deputy CEO of National Iranian Oil Company (NIOC) has said that the development of eight fields was to be awarded to mainly Iranian companies.
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NIOC Eyes Enhanced Trade Ties with China
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said he was optimistic about the future of trade ties between Iran and China.