NIOC
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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$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.
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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.
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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.
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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.
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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.
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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.
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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.
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NIOC transfers 130 exploratory wells to operators
SHANA (Tehran) – The National Iranian Oil Company has delivered more than 130 exploratory wells to operating companies, with about 70% of them ready to enter oil and gas production after repair and completion work, a senior official said.
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Mobile desalting unit lifts production limits at Cheshmeh-Khosh field
SHANA (Tehran) — The launch of a mobile desalting unit at the Cheshmeh-Khosh oil field has removed production restrictions and marked a major step in cooperation with the National Iranian Oil Company, according to the head of ZN Vostok.
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NIOC focuses on boosting output, capturing associated gas
SHANA (Tehran) — The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.
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NIOC says oil sales continue through diverse methods
SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.
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Iran inks $600m contract to develop Madar gas field
SHANA (Tehran) – Iran’s National Iranian Oil Co. signed a $600-million contract to develop and operate the Madar gas field with Isfahan’s Mobarakeh Steel Co. and the Oil Industries Engineering and Construction Co. (OIEC), the company announced.
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NIOC CEO stresses winter gas production plans
SHANA (Tehran) – The CEO of the National Iranian Oil Company emphasized the necessity of revising overhaul plans and focusing on sustainable and maximum gas production for the winter season.
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Iran targets daily gas output of 1.35 bcm
SHANA (Tehran) — The National Iranian Oil Company aims to boost daily gas production to 1.35 billion cubic meters by the end of the country’s Seventh Development Plan (2024-28), the company’s chief said Saturday.