NIOC

Iran’s oil exports increased by 40%

Iran’s oil exports increased by 40%

CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said the country managed to increase its oil exports by 40% at the height of restrictive measures imposed by the United States to choke off Iran’s energy …

Iran gears up for return to oil market

Iran gears up for return to oil market

Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual. State-controlled National Iranian Oil Co. …

Iran finds new oil and gas reserves

Iran finds new oil and gas reserves

Iran discovered 40 new oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "After the enactment of the new US sanctions against …

Iran finds 40 new oil and gas reserves

Iran finds 40 new oil and gas reserves

Iran is now ranked first in the world for oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "A few years ago, we were …

Iran gives reply to 'oil bulls'

Iran gives reply to 'oil bulls'

Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …

Iran to build 10 million-barrel oil storage facility - media

Iran to build 10 million-barrel oil storage facility - media

A unit of the National Iranian Oil Co. (NIOC) signed a deal with a local firm yesterday to build a crude oil storage facility near Iran’s southeastern port of Jask with an initial investment of 200 million euros ($232 million), the oil …

Lukoil and Iran review Mansuri field development plan

Lukoil and Iran review Mansuri field development plan

Russia's Lukoil presented the development plan for the Mansuri oil field to the National Iranian Oil Company. The plan was considered at the special committee meeting. The documentation of Pertamina, Indonesian state-owned oil …

Iran starts gas exports to Iraq

Iran starts gas exports to Iraq

Iran started a project to export natural gas to its western neighbor – Iraq.  Exports of around 7 million cubic meters per day (bcm/d) to Iraq’s capital Baghdad had started from the late hours of Wednesday, June 21, the …

Two more Russian companies keen to develop Iranian oil fields

Two more Russian companies keen to develop Iranian oil fields

Russia’s oil-producing companies Zarubezhneft and Tatneft have submitted applications to participate in a tender on development of oil fields in Iran. The tender is organized by National Iranian Oil Company (NIOC),TASS reported …

Iran discovers new shale oil deposit

Iran discovers new shale oil deposit

Iran has made a shale oil discovery estimated at 2 billion barrels, an official from the National Iranian Oil Company (NIOC) said. The light crude find was made in the country’s western Lorestan province in the Ghali Koh area, the …

Total may abandon decision to invest in Iran's South Pars

Total may abandon decision to invest in Iran's South Pars

French oil major Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers, the company's chief executive Patrick …

NIOC Says Iran Crude Output to Hit 4mbd by March

NIOC Says Iran Crude Output to Hit 4mbd by March

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Iran's crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017, Shana news agency reports. …

 Iranian gas exporting company liquidated

Iranian gas exporting company liquidated

Iran's Oil Ministry has decided to liquidate National Iranian Gas Exporting Company (NIOC) and create gas exporting department within the country's national oil company. Ali Amirani has been appointed as …

 Iran qualifies foreign companies for oil and gas tenders

Iran qualifies foreign companies for oil and gas tenders

Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions.  The …