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.

Yaran Oilfield development project investigated by NIOC

TEHRAN- The project for development of Yaran Oilfield was studied by National Iranian Oil Company (NIOC) on Saturday, ILNA reported.

By: Ebrahim Fallahi

Offering oil at IRENEX, challenges and merits

Since the U.S.’s withdrew from Iran’s nuclear pact in May 2018, vowing to drive Iran's oil exports down to zero, the Islamic Republic has been taking various measures to counter U.S. actions and to keep its oil exports levels as high as possible.

By Mahnaz Abdi

Oil exploration projects to be handed over to private companies

Based on a memorandum of understanding signed on Sunday evening, National Iranian Oil Company (NIOC) handed over an oil exploration project to a private company for the first time.

35,000 barrels of crude oil sold at IRENEX in fifth offering

TEHRAN- National Iranian Oil Company (NIOC) sold 35,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the base price of $52.25 per barrel for the fifth time on Monday, IRIB reported.

‘Iran, India continue discussing development of Farzad-B gas field'

TEHRAN- Head of National Iranian Oil Company (NIOC) said Iran and India are still discussing development of Farzad-B gas field.

4th round of offering oil at IRENEX on Feb. 4

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the fourth time on February 4, Shana reported on Monday.

IRENEX to hold 4th round of offering oil within 2 weeks

TEHRAN- National Iranian Oil Company (NIOC) will offer light crude oil at Iran Energy Exchange (IRENEX) for the fourth time by the next two weeks, an NIOC director announced.

3rd round of offering oil at IRENEX on Jan. 21

TEHRAN-National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the third time on January 21, IRNA reported on Monday.

NIDC’s new projects to go operational soon: director

TEHRAN – Managing director of the National Iranian Drilling Company (NIDC) said some of the company’s new projects are going to go operational in near future, Shana reported on Saturday.

New oil, gas fields discovered in Iran in past 2 years

TEHRAN – The director of National Iranian Oil Company (NIOC)'s Discovery Department said new oil and gas fields have been discovered in the country during the past two years, IRNA reported on Tuesday.

280,000 barrels of oil traded at IRENEX on 1st day

TEHRAN- Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of U.S. sanctions on petroleum sector take effect, Shana reported.

Iran raises June crude prices for loadings to Asia

TEHRAN – National Iranian Oil Company (NIOC) has raised the June official selling price (OSP) for all its crude grades loading for Asia, Platts reported quoting a company source as saying on Wednesday.

By Mahnaz Abdi

Kish gas field still waiting for development

Kish gas field, discovered in 2006, is the second largest gas field in the Persian Gulf and also Iran’s largest reserve of natural gas after South Pars field shared by Qatar. 

By Mahnaz Abdi

Iran's 1st flare gas recovery deal inked with France

TEHRAN- The National Iranian Oil Company (NIOC) signed the first deal on flare gas recovery and utilization with a consortium comprising France’s Sofregaz Company and Iran’s Sanat Sazeh Samin Company in Tehran on Wednesday.