NIOC chief says Iran will definitely produce oil, gas for next 100 years

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years.

NIOC head says SPOL, Farzad B field development will boost oil, gas output

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Saturday said development of South Pars Oil Layer (SPOL) and Farzad B field will help increase oil and gas production.

Gas compression at South Pars

South Pars giant offshore gas field is largely expected to experience pressure fall-off within five years. Should no action be taken the field, which Iran shares with Qatar, would see its output drop 25 mcm/y. As a preventive measure, Iran’s Petroleum Ministry has adopted various methods like regular planning to drill new wells, acidizing existing wells and designing gas compression platforms with a view to maintaining pressure in the South Pars reservoir. In parallel, National Iranian Oil Company (NIOC) is planning studies on onshore and offshore platforms as a preventive measure.

NIOC, Gazprom discuss investment in oil, gas development projects

SHANA (Tehran) – The National Iranian Oil Company head and Russian state company Gazprom deputy chairman held talks on investment patterns for development of oil and gas fields.

NIOC CEO unveils 16 new exploration blocks

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.

NIOC head: Iran oil output up 600,000 bpd under incumbent administration

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the 13th (incumbent) administration.

NIOC head says Iran oil exports have doubled under incumbent administration

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.

NIOC chief: NGL 3200 plant launch a big step toward collecting associated gases

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said on Saturday the first phase of the NGL 3200 project will become operational soon, describing it as a major stride toward collecting associated gases.

NIOC head: SP Phase 11 gas production due this year

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director here on Wednesday said gas production in South Pars (SP) Phase 11 will begin this year.

NIOC head: $160bn investment needed to raise Iran oil, gas production by 50%

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50 percent.

Iran starts offering oil, gas condensate certificates of deposit

TEHRAN (Shana) – Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.

NIOC official: Iran to stun world with exploration know-how 

TEHRAN (Shana) – Iran will soon astonish the world by displaying its exploration expertise, vowed a National Iranian Oil Company (NIOC) official here on Tuesday.

NIOC, Sinopec in talks for Phase-2 of Yadavaran Oilfield

TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of old partners such as China and Russia, stated: “Since the beginning of the 13th admonition, regular negotiations have been held with China's Sinopec Company regarding the second phase development of Yadavaran field.

Iran Eyes 50% Gas Output Growth by 2029

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) announced the implementation of plans to increase gas production of the country by 50% by 2029.

Most Iran-made South Pars Refinery to Startup Soon

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC), emphasizing that the most Iranian-made South Pars refinery is about to be launched in phase-14 of the massive offshore gas field.

NIOC Eyes 0.9mbd Output Growth in 8 Years

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said plans are under way to bring Iran’s crude oil production capacity to 5.7 million barrels per day in a matter of 8 years.

Gas Output of Nar Field up 300k cm/d

TEHRAN (Shana) – The head of petroleum engineering of the South Zagros Oil and Gas Production Company underlined the restoration operations on a well in the Nar gas field, announcing an increase of 300,000 cubic meters per day in the field's production capacity.

Iran Eyes 0.5 bcm Gas Output Growth by 2029

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the company's plan to increase the country’s gas production capacity by 500 million cubic meters per day (mcm/d) by 2029.

Dasht Azadegan Arvand Company to Start Developing Azadegan Field Soon

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the start of operations of Dasht Azadegan Arvand Company for the integrated development of Azadegan Field within the next two weeks.

South Pars Phase 11 Project Online Soon

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the gas from South Pars Phase 11 Project would come online in February.

NIOC Discovers New Oil Reservoirs in Southwest Iran

TEHRAN (Shana) -- The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are 14 oil and gas exploration blocks in the country.”

South Pars Phase 11 Online Soon

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.

MOP Lists Iranian E&P Firms

TEHRAN (Shana) -- The Iranian Ministry of Petroleum has released a list of the companies applying for activities in the field of exploration and production (E&P).

NIOC in Exploration Talks with Foreign Partners

NIOC Mulling €30mn Oil Megaprojects

TEHRAN (Shana) -- The Director of Research and Technology of the National Iranian Oil Company (NIOC) said the company has defined 10 oil and gas megaprojects with a total value of €30 million and Rls. 1,500 billion.

South Pars Phase 11 Gas Available by Winter

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the ongoing negotiations for the development of the Iranian oil market, and said: "Oil exports have improved in recent months, but we are negotiating with new and old customers to develop the market."

Russia Studies of Iran Oil, Gas Fields in Final Stages

TEHRAN (Shana) -- The CEO of National Iranian Oil Company (NIOC) the study of Iran’s oil and gas fields by Russian companies is nearing its end and the Memoranda of understanding (MoUs) for these studies will soon turn into contracts.

NIOC Announced Iran Crude Price for October Delivery

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.

$100m FDI to Build LPG Export Terminal

TEHRAN (Shana) – The CEO of the National Iranian Oil aCompany (NIOC) said a foreign direct investment (FDI) of 100 million dollars has been allocated for establishment of a liquefied petroleum gas (LPG) export terminal in Iran.