NIOC goal for indigenizing oil industry equipment over 70% realized

TEHRAN – Many of National Iranian Oil Company (NIOC)’s contracts with domestic manufacturers of oil industry equipment have reached over 70 percent of physical progress, IRNA reported on Saturday.

NIOC plans 10 major oil, gas exploration projects

TEHRAN – National Iranian Oil Company (NIOC) has introduced 10 major oil and gas exploration projects in the company’s Exploration Directorate which are moving forward based on schedule, IRNA reported on Monday.

Development of upstream oil sector atop agenda: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh has said that the development of the upstream oil sector in collaboration with universities and research institutions is the ministry’s top priority in the current Iranian calendar year, 1398 (March 2019-March 2020).

IRENEX to hold 6th round of heavy oil offering on Wednesday

TEHRAN- Unlike previous offerings, the sixth round of National Iranian Oil Company (NIOC)’s heavy crude oil offering at Iran Energy Exchange (IRENEX) is due to be held on Wednesday, IRNA reported.

SZOGPC self-sufficient in manufacturing, repairing oil industry equipment

TEHRAN - South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured or repaired the 521 items needed in the oil and gas industry. SZOGPC’s operations director, Seyed Mahmoud Mirbagheri said on Tuesday that 499 of the company’s needed items were supplied by domestic contractors.

NIOC research directorate to conduct 25 major projects

TEHRAN – Head of the National Iranian Oil Company (NIOC) Research and Technology Directorate said his office is going to conduct 25 major research projects worth nearly 700 billion rials (about $16 million).

NIOC awards development of SP phase 14 to an Iranian company

TEHRAN – National Iranian Oil Company (NIOC) has awarded the development project of the phase 14 of South Pars gas field (in the Persian Gulf) to the Iranian company Petropars Operation and Management Company (POMC), IRNA reported.

NIOC to begin new exploration operations in northeastern Iran

TEHRAN - The director of National Iranian Oil Company (NIOC)'s Exploration Department said plans are underway for beginning new exploration operations in northeast of the country, Shana reported on Monday.

NIOC inks 4 research agreements to develop oil industry

TEHRAN - National Iranian Oil Company (NIOC)’s Exploration Directorate, on Sunday, signed four agreements with Iranian universities and knowledge-based companies for research in various fields of geophysics, geochemistry, unconventional hydrocarbon resources and drilling.

Ninth round of condensate offering at IRENEX to be held on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.

NIDC digs 41 oil, gas wells in 4 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 41 oil and gas wells during the first four months of the current Iranian calendar year (March 21-July 22), ISNA reported.

IRENEX to hold 5th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

IRENEX to hold 13th round of offering light crude oil on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.

By Ebrahim Fallahi

Iran’s ‘oil for execution’ plan: old ideas in a new wrapping

TEHRAN – This week Iranian Oil Ministry is going to officially start a new plan that is aimed to be a new way for selling oil and tackling the pressures imposed by U.S. sanctions on the country’s oil industry.

‘Foreign buyers eager to purchase Iranian oil offered at IRENEX’

TEHRAN – National Iranian Oil Company (NIOC)’s representative in Iran energy Exchange (IRENEX) said foreign buyers have expressed willingness for purchasing Iranian oil offered at this exchange market, IRNA reported on Sunday.

IRENEX to hold offering of 2m barrels of light crude oil on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the base price of $59.28 at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.

Iranian consortium inks MOU with NIOC to develop oilfield

TEHRAN – National Iranian Oil Company (NIOC) has signed a memorandum of understanding with a domestic consortium for developing Band-e-Karkheh oilfield in southwestern Khuzestan Province.

IRENEX to hold offering of 2m barrels of gas condensate on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

NIOC should focus on petro-refinery projects: Parl. Research Center

TEHRAN – The Research Center of Iran’s parliament said in a report that petro-refineries are two times more profitable than refineries and suggested that National Iranian Oil Company (NIOC)’s new refinery projects be defined as petro-refineries.

IRENEX to hold 3rd round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

Iran's biggest gas storage center launched

TEHRAN – Iran’s biggest gas storage center was inaugurated in an official ceremony in Khorasan Razavi Province in northeastern Iran on Friday, Shana reported.

NIOC to offer 2m barrels of light crude oil at IRENEX on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

NIOC sells 1.085m barrels of oil, condensate in 17 offerings at IRENEX

TEHRAN- National Iranian Oil Company could sell 1.085 million barrels of crude oil, both light and heavy, and also gas condensate through 17 offerings at Iran Energy Exchange (IRENEX) during the past seven months since offering these products kicked off at Iranian stock market, Shana reported.

Iranian oil ministry outlines priorities for major subsidiaries

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh, in separate decrees, outlined the current fiscal year (March 21, 2019-March 19, 2020) priorities of the ministry’s four major subsidiaries, Shana reported on Saturday.

NIOC to offer 2m barrels of heavy crude at IRENEX in late May

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at the base price of $64.23 at the international ring of Iran Energy Exchange (IRENEX) on May 28, Shana reported.

By Mahnaz Abdi

NIOC selling oil at IRENEX while U.S. tightening sanctions

National Iranian Oil Company sold 70,000 barrels of heavy crude oil at Iran Energy Exchange (IRENEX) for the first time on Tuesday.