NIOC

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 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 …

Iran increases oil sales to BP and Shell

Iran increases oil sales to BP and Shell

Iran has increased its sales of crude oil as well as condensate to global energy giants Shell and BP, the Director for International Affairs of the National …

Malaysia to help Iran in developing two oilfields

Malaysia to help Iran in developing two oilfields

National Iranian Oil Company (NIOC) and Malaysia's Petronas (Petroliam Nasional Berhad) plan to sign a memorandum of understanding (MoU) on the development of Cheshmeh Khosh and South Azadegan oilfields. Iran has already signed …

Iran, Thailand sign deal to carry our studies on 3 oil fields

Iran, Thailand sign deal to carry our studies on 3 oil fields

National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) signed an initial agreement to study three major oil fields in Iran. Iran and Thailand signed a memorandum of …

Total, CNPC and Petropars agree with NIOC on South Pars output

Total, CNPC and Petropars agree with NIOC on South Pars output

National Iranian Oil Company (NIOC) signed a $4.8 billion agreement (HOA) deal with French Total, China National Petroleum Corp. and Iranian Petropars company on Wednesday for development of the phase 11 of South Pars joint gas field. …

Russian Tatneft signs MoU with Iran

Russian Tatneft signs MoU with Iran

Following two earlier contracts with two Russian oil companies, Iran has signed a memorandum of cooperation in oil and gas industry with a third Russian firm, Mehr news agency reports. Following comprehensive negotiations with Lukoil …

Iran to hold first oil tender in October

Iran to hold first oil tender in October

Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the …

 Iranian oil ministry to own billionaire’s assets

Iranian oil ministry to own billionaire’s assets

The Public Prosecutor’s Office in Tehran has accepted to let the Ministry of Petroleum take over assets of billionaire Babak Zanjani who has been sentenced to death for embezzlement. “The Prosecutor’s …

Tehran's oil plans

Tehran's oil plans

Iran expects $25 billion oil contracts signed within two years

 Zarubezhneft to develop two oil fields in western Iran

Zarubezhneft to develop two oil fields in western Iran

The National Iranian Oil Company (NIOC) has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two oil fields in the western Iran, NIOC said in a statement. Under the agreement, the …

 NIOC: oil markets to remain stable

NIOC: oil markets to remain stable

NIOC’s director of international affairs, Mohsen Ghamsari, said that Iran has regained about 80% of the market share it held before the US and European Union tightened sanctions on its oil industry in 2012. …

Iran after expanding joint oilfields

Iran after expanding joint oilfields

NIOC managing director, Ali Kardor, said the company’s main priory includes development of joint oil and gas fields, Mehr reports. He underlined the importance of human resources in the development prospects of …

Iran plans to double LPG production

Iran plans to double LPG production

Iran plans to double its Liquefied Petroleum Gas (LPG) production, the Deputy Director of International Affairs for Marketing and Crude Oil Operation in the National Iranian Oil Company, Safar-Ali Karamati, said. …

Italy’s Saras to buy Iranian oil

Italy’s Saras to buy Iranian oil

Managing Director of National Iranian Oil Company (NIOC) Roknodin Javadi pointed to the inking of a contract between NIOC and Saras SpA of Italy over crude sales; “the agreement covers a daily sales volume of 65 thousand …

Iran’s daily oil output now over 3.5 million barrels

Iran’s daily oil output now over 3.5 million barrels

Iran's daily oil output is now surpassing 3.5 million barrels, said Rokneddin Javadi, Iranian deputy oil minister, addressing an oil industry meeting in Tehran, SHANA news agency reported Apr. 16. Javadi, who is …

Total to start oil production in South Azadegan

Total to start oil production in South Azadegan

The Iranian National Oil Company (NIOC) has signed a contract with France's Total on the development of the South Azadegan oil field, the Iranian Minister of Petroleum Bijan Zangeneh said. Now Total can …

Baku and Tehran prepare  convergence in energy sector

Baku and Tehran prepare convergence in energy sector

The Iranian authorities are interested in using the Azerbaijani pipeline, Azerbaijan also intends to invest in oil production in Iran. These topics were included on the agenda of the talks between Azerbaijani President Ilham …