NIOC shifts approach to attracting domestic, int’l investors

SHANA (Tehran) – The head of investment opportunity identification and development at National Iranian Oil Company (NIOC) said the company has changed its approach to offering investment opportunities, emphasizing a new strategy to build mutual trust with investors through incentives.

NIOC:

Oil industry contract terms reduced to six months

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced a recent decision by the Economic Council to reduce the maximum duration of oil industry contracts to six months.

NIOC announces OSP for April

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.

Oil Ministry subsidiaries secure major oil, gas contracts in 1403

SHANA (Tehran) – Subsidiaries of Iran’s Oil Ministry achieved outstanding performance in 1403 by signing significant contracts in large and medium-scale transactions, marking a major step in developing the country’s hydrocarbon industry.

NIOC performance in 1403: Achieving priorities through capabilities

SHANA (Tehran) –National Iranian Oil Company (NIOC) made significant strides in 1403, driven by the efforts of its employees to bolster the economy.

NIOC CEO extends Nowruz greetings

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) extended congratulations to all employees and their families on the occasion of Nowruz, the Iranian New Year.

Paknejad:

Winter fuel supply showcases magnificent collaboration in vast oil industry

SHANA (Tehran) – Oil Minister Mohsen Paknejad thanked all industry colleagues for their relentless, round-the-clock efforts to secure winter fuel supplies, stating: “What transpired was a display of magnificent collaboration, interaction, and tireless work across various managerial, operational, and administrative levels in the vast oil industry to meet the nation’s energy needs.”

Iran's largest land-sea seismic survey project completed

SHANA (Tehran) – The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.

New ruling issued in Crescent Petroleum case in favor of NIOC

SHANA (Tehran) – The Arbitration Tribunal dismissed Crescent Petroleum’s claim that the National Iranian Oil Company (NIOC) is liable to the UAE company for damages caused to third parties (companies contracted with Crescent Petroleum).

Iran, Russia emphasize expanding oil collaboration through joint projects

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) and the deputy energy minister of Russia stressed the importance of expanding bilateral cooperation through joint oil projects.

Daily gas extraction from SP hits 716 mcm: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced a record daily extraction of 716 million cubic meters from the South Pars joint field and called on the public to take the "2 Degrees Less" campaign seriously and consume energy fairly.

Strategic oil projects set to launch in the near future: NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) is implementing significant plans for the development of oil and gas fields, prioritizing these projects as key components of its developmental strategy.

Iran increases oil, gas production despite sanctions: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that despite international challenges and sanctions, Iran has managed to increase its oil and gas production.

NIOC boosts gas, oil production capacity

SHANA (Tehran) – Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.

NIOC head:

Oil industry drives Iran’s economy amid turbulence, sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) highlighted the role of the oil industry in the country’s economy over recent decades, stating that for the past 46 years, the oil sector has been the driving force behind Iran’s economy and a lifeline for the Islamic Revolution during times of turmoil and sanctions.

NIOC urges utilizing youth potential to achieve economic goals

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC), in a message marking the arrival of the 10-Day Dawn of Fajr and the anniversary of the Islamic Revolution, honored the memory of the revolution's martyrs and the Imam of Martyrs.

NIOC announces Iranian crude oil OSP for February

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in February. According to the company, Iran’s light crude oil will be priced approximately $2 above the benchmark price (Oman/Dubai crude) for Asian customers, reflecting a nearly 1% increase compared to the previous month.

NIOC head calls work in Khuzestan’s heat a national endeavor

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of serving the people of Khuzestan and the company’s commitment to job creation and fulfilling social responsibilities in the region, stating, “Working in the hot regions of Khuzestan is a great endeavor.”

Projects worth $45m approved by NIOC in four months 

SHANA (Tehran) – The director of integrated planning at the National Iranian South Oil Company announced the approval of 12 new capital projects worth 3.6 billion tomans (approximately $45 million) during the first four months of the 14th administration.

Record gas production achieved under 14th administration: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that a new daily record for crude gas production was achieved under the 14th administration.

NIOC plans to establish AI department

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) announced plans to create a specialized artificial intelligence (AI) department during the closing ceremony of the Shahid Tondgouyan Digital Oil and Gas Fields Competition on Sunday.

NIOC stresses need to boost gas storage in Eastern Iran

SHANA (Tehran) – Hamid Bovard, CEO of the National Iranian Oil Company (NIOC), emphasized the importance of enhanced technical management and gas storage planning in eastern Iran.

Deputy oil minister visits key gas projects in eastern Iran

SHANA (Tehran) – Hamid Bovard, CEO of the National Iranian Oil Company, conducted a comprehensive visit to major gas projects in eastern Iran.

NIOC Chief Outlines 100-Day in Office Achievements

SHANA (Tehran) - The CEO of the National Iranian Oil Company (NIOC) boasted of the 14th administration's oil industry achievements over the first 100 days in office, especially setting a new record concerning daily natural gas production.

Oil Production up by 60,000 b/d

SHANA (Tehran)—The CEO of the National Iranian Oil Company (NIOC) says that since the 14th administration took office in August, Iran's daily oil production has increased by 60,000 barrels, predicting that by the end of the Iranian year of 1403 on 20 March 2025, production to reach about 200,000 to 250,000 barrels per day.

14th Administration Has Raised Gas Production by 30 mcm/d

SHANA (Tehran) - Since taking office in August this year, the 14th administration has been able to increase natural gas production by 30 million cubic meters per day.

NIOC Head Underlines the Importance of Passive Defense

SHANA (Tehran) -The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.

NISOC’s CEO Appointed

SHANA (Tehran) - The National Iranian Oil Company’s CEO Hamid Bovard appointed Ibrahim Piramoun as the CEO of the National Iranian South Oil Company (NISOC) and the principal member of its board of directors.