Total:24
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2024-06-15 13:50
Iran launches new project to boost production in Yadavaran oil field
TEHRAN - The Yadavaran shared oil field’s development plan was launched on Wednesday to boost the field’s output by 42,000 barrels per day.
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2024-02-11 12:36
NIOC to ink deals worth $14b to develop oil, gas fields by late March
TEHRAN – The head of the National Iranian Oil Company (NIOC) has said the company is going to ink contracts worth $14 billion with domestic companies for the development of the country’s oil and gas fields by the end of the current Iranian calendar year (March 19).
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2023-09-25 13:44
Iran begins developing new gas field in northeast
TEHRAN – The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported.
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2023-03-27 09:52
NIOC to implement Oil, gas production rise projects to materialize motto of year
TEHRAN- The managing director of National Iranian Oil Company (NIOC) emphasized the efforts of this company to realize the slogan of this Iranian calendar year (began on March 21) and said during the activity of the Ministry of Oil in the 13th government, increasing production in the oil and gas sector was a serious priority, and with the orders of the Leader, this sector put this strategic goal with all power on the agenda.
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2022-11-08 13:18
NIOC holds conference on increasing oil field productivity
TEHRAN - National Iranian Oil Company (NIOC) and the Sharif University of Technology have jointly organized the First National Conference on Increasing Oil and Gas Well Productivity which is currently underway in Tehran, Shana reported.
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2022-08-23 12:23
Development of 4 major oil, gas fields to begin soon
TEHRAN – Head of National Iranian Oil Company (NIOC) has said the development projects of four major oil and gas fields are going to commence on the occasion of Government Week (August 24-30), IRIB reported.
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2022-07-06 12:26
NIOC attracts $7b for developing Azadegan oil field
TEHRAN – National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MOU) with the country’s major exploration and production companies, public and private banks, and financial institutions for the development of Azadegan oil field, Oil Minister Javad Oji announced.
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2022-06-22 15:35
Iraq calls for preparing roadmap to develop energy ties with Iran
TEHRAN – Iranian Oil Ministry hosted a meeting of an Iran-Iraq oil cooperation working group on Wednesday in which the Iraqi side called for the formation of a comprehensive roadmap to define the goals and perspective of the two countries’ future cooperation, Shana reported.
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2022-05-23 15:35
Iran, Kazakhstan explore avenues of mutual economic cooperation
TEHRAN – A high-ranking delegation from Kazakhstan headed by the country’s Deputy Prime Minister and Minister of Trade and Integration Bakhyt Sultanov has visited Iran with the aim of exploring new opportunities for the expansion of economic relations between the two countries.
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2022-05-06 14:05
Oil production capacity planned to reach 5.7m bpd in 8 years
TEHRAN – National Iranian Oil Company (NIOC) plans to increase the country’s crude oil production capacity to 5.7 million barrels per day (bpd) over the next eight years, Mohsen Khojasteh-Mehr, the company’s managing director, said.
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2022-05-06 14:04
Daily production from South Pars phase 11 to reach 14 mcm by Mar. 2023
TEHRAN – Phase 11 of Iran’s giant South Pars gas field development project is expected to produce 14 million cubic meters (mcm) of gas on a daily basis by the end of the current Iranian calendar year (March 20, 2023), an official with the National Iranian Oil Company (NIOC) said.
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2022-04-03 12:04
NITC plays significant role in boosting Iran’s oil export
TEHRAN – Managing Director of the National Iranian Oil Company (NIOC) has praised the significant role of the National Iranian Tanker Company (NITC) in boosting the country’s oil exports during the previous Iranian calendar year (ended on March 20).
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2022-03-18 09:45
South Pars phase 14 refinery goes operational
TEHRAN – The first train of the South Pars Phase 14 refinery went operational through transferring the refined gas to the national gas pipeline, the managing director of National Iranian Oil Company (NIOC) announced.
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2022-01-12 15:54
NIOC head outlines company’s operational strategies
TEHRAN – Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr outlined his company’s new operational and development strategies in a meeting with NIOC’s senior managers on Wednesday, Shana reported.
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2022-01-09 15:36
Iran oil revenues increased significantly in recent months: NIOC head
TEHRAN – Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the country’s oil revenues have increased significantly over the past few months and the country has received the payment for all its crude oil sales since the new government administration, Shana reported on Sunday.
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2021-12-28 15:58
Development of Azadegan oil field to be completed by early 2023
TEHRAN – Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the development project of the strategic Azadegan oil field will be completed by early Iranian calendar year 1402 (begins in March 2023), Shana reported.
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2021-11-28 13:31
Iran eyes boosting oil production capacity to pre-sanction level by next March
TEHRAN – Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said his company is planning to boost the country’s oil production capacity to the pre-sanction levels or four million barrels by the end of the current Iranian calendar year (March 20, 2022), Shana reported.
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2021-11-20 16:25
NIOC seeking new strategies for attracting investment
TEHRAN – The Managing Director of the National Iranian Oil Company (NIOC) has said his company is seeking new win-win strategies for attracting investment in the country’s oil and gas industry, Shana reported.
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2021-11-12 13:35
Iran planning to invest $11b to develop offshore gas fields
TEHRAN – Head of the National Iranian Oil Company (NIOC) has said his company is planning to increase the country’s natural gas output by 240 million cubic meters (mcm) which requires $11 billion of investment, the portal of the Pars Oil and Gas Company (POGC) reported.
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2021-11-09 13:00
‘Having business structure is a necessity for NIOC subsidiaries’
TEHRAN – Head of the National Iranian Oil Company (NIOC) has said the company’s subsidiaries should have a structure that focuses more on business and investment and an export-oriented approach must be followed.
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2021-10-25 14:21
By Ebrahim Fallahi
Output maintenance crisis: alarm bells ringing for world's top gas reserve
TEHRAN – Holding nearly 18 percent of the global gas reserves, Iran is one of the most hydrocarbon-rich areas in the world, and the country’s giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) is by far the world's largest natural gas field.
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2021-10-24 15:55
$11b of investment required to complete West Karoun development projects
TEHRAN – Managing Director of the National Iranian Oil Company (NIOC) has said the company requires $11 billion of investment for completing the development projects defined for the oil fields at the West Karoun region.
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2021-10-16 15:48
NIOC planning to use private sector capacities to boost oil sales
TEHRAN – Managing Director of National Iranian Oil Company (NIOC) has said his company is going to benefit from the potentials of the country’s private sector to maximize oil and gas condensate sales in the future, Shana reported.
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2021-09-24 13:21
Khojasteh-Mehr appointed as new NIOC head
TEHRAN – Iranian Oil Minister Javad Oji has appointed oil industry veteran Mohsen Khojasteh-Mehr as the new managing director of the National Iranian Oil Company (NIOC).