Promotional Item:

NIOC eyes 1.5 bcm/d gas production capacity with over $70b investment: CEO

The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).

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.

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.

Iran present in oil, gas exploration in 4 neighboring countries

The director of exploration of National Iranian Oil Company (NIOC) stated that currently Iran has oil and gas exploration relations with four neighboring countries and said transferring exploration technologies to neighboring countries can create value and generate income for Iran.

Iran plans to build 8 new petro-refineries

TEHRAN – Iranian Oil Ministry is planning to establish eight new petro-refineries in collaboration with the private sector, aiming to double production in the oil and gas sector’s downstream sector.

Study of Iran’s oil, gas fields by Russia in final stages

TEHRAN- The managing director of National Iranian Oil Company (NIOC) said that the study of Iran’s oil and gas fields by Russian companies is nearing its end and the memorandums of understands (MOUs) for these studies will soon turn into contracts.

NIOC to award Azadegan oil field to a consortium of domestic firms

TEHRAN – The managing director of National Iranian Oil Company (NIOC) said his company is going to award the development of Azadegan oil field, including South and North blocks, to a consortium of domestic companies, Shana reported.

NIOC, Gazprom explore avenues of cooperation

TEHRAN- During a meeting between National Iranian Oil Company (NIOC) Managing Director Mohsen Khojasteh-Mehr and top managers of Russia’s Gazprom Company, the two sides explored the ways for the expansion of cooperation.

Projects worth $8b defined for development of West Karoun oil fields

TEHRAN – The managing director of National Iranian Oil Company (NIOC) said that projects worth $8 billion have been defined for the development of the oil fields at the West Karoun region.

Iran raises April oil prices for Asian buyers

TEHRAN – National Iranian Oil Company (NIOC) has raised its official crude oil selling prices for Asian buyers in April, Shana reported citing the NIOC data.

South Pars phase 11 digging operation expedited

TEHRAN – The managing director of National Iranian Oil Company (NIOC) has announced that digging operation has expedited in phase 11 of the giant South Pars gas field in the Persian Gulf, Shana reported.

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.

NIOC uses homemade downhole gauges in exploration wells for 1st time

TEHRAN – The Exploration Department of the National Iranian Oil Company (NIOC) has announced the successful installation of domestically-made downhole gauges in some oil exploration wells in the country.

NIOC begins development studies on newly discovered reservoir

TEHRAN – National Iranian Oil Company (NIOC) has started primary development studies on the country’s newly discovered Namavaran oil reservoir, an official with the company announced.

Iran starts pumping oil into strategic Goreh-Jask pipeline

TEHRAN – Managing director of the National Iranian Oil Company (NIOC) has announced the beginning of oil transfer operation through Goreh-Jask pipeline which is laid from Goreh oil terminal in the southwestern Bushehr Province to Jask oil terminal along the Gulf of Oman.