NIOC in talks with Chinese company for South Pars phase 11 project: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said National Iranian Oil Company (NIOC) is in talks with a Chinese company for completing the South Pars phase 11 project, Mehr news agency reported.

Iran to award 5 oil projects to domestic firms in near future

TEHRAN – National Iranian Oil Company (NIOC) is planning to award five oil exploration and development projects to domestic companies, ISNA reported quoting an official with NIOC.

IRENEX to hold 8th round of crude oil offering today

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of crude oil at the base price of $63.36 at Iran Energy Exchange (IRENEX) for the eighth time today, ISNA reported.

5th round of offering oil at IRENEX on Feb. 18

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the fifth time on February 18, Shana reported on Wednesday.

Iran’s recoverable liquid hydrocarbon reserves at 160 b barrels: NIOC

TEHRAN- National Iranian Oil Company (NIOC) in a recent report has put the country’s recoverable liquid hydrocarbon reserves at 160.12 billion barrels, IRIB reported on Tuesday. The report also put Iran’s recoverable natural gas reserves at 33.33 trillion cubic meters.

NIOC inks deals worth $1b with domestic companies to boost output

TEHRAN – Subsidiaries of the National Iranian Oil Company (NIOC) signed nine deals worth $1 billion with domestic contractor companies for maintaining and increasing the production capacity of the country’s aging oil and gas fields, Shana reported.

NIOC to award exploration projects to domestic companies

TEHRAN- National Iranian Oil Company (NIOC) will transfer exploration projects for oil and gas fields to domestic companies, the director of NIOC's Discovery Department announced on Tuesday.

Karbasian named as new NIOC director

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh on Sunday appointed Masoud Karbasian, a former economy and finance minister, as the new managing director of the National Iranian Oil Company (NIOC), replacing Ali Kardor.

NIOC to continue selling oil at IRENEX

TEHRAN- Selling crude oil at Iran Energy Exchange (IRENEX) will be continued, Saeed Khoshrou, director of international affairs at the National Iranian Oil Company (NIOC), announced.

700,000 barrels of oil sold at IRENEX

TEHRAN- National Iranian Oil Company (NIOC) sold 700,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the price of $64.97 per barrel on Sunday, the second offering day of oil at the capital market, Tasnim news agency reported.

By Haniyeh Sadat Jafariyeh

IRENEX to overcome U.S. petroleum sanctions?

Last Sunday on October 28, just few days before new U.S. sanctions on petroleum sector take effect (November 4, 2018), National Iranian Oil Company (NIOC) could sell some 280,000 barrels of crude oil at $74.85 per barrel on the first day of offering crude oil for export at the international ring of Iran Energy Exchange (IRENEX). With the daily supply value of one million barrel per day, the market wrapped up by selling eight 35,000-barel-cargos of oil on the day.

Foreign buyers can purchase Iranian oil at IRENEX: NIOC head

TEHRAN - National Iranian Oil Company (NIOC)’s Managing Director Ali Kardor said on Friday that foreign customers can also purchase the Iranian oil which is due to be offered at the country’s Energy Exchange (IRENEX).

Iran to sign 3rd IPC-based deal within 2 weeks

TEHRAN – National Iranian Oil Company (NIOC) is expected to sign the third IPC-based deal with a foreign company within two weeks, ISNA reported on Wednesday quoting NIOC’s Managing Director Ali Kardor.

U.S. ‘zero Iranian oil’ plan a political bluff: NIOC head

TEHRAN – Head of National Iranian Oil Company (NIOC) called the U.S.’s efforts for reducing Iranian oil exports to zero a “political bluff” saying, Trump had been trying to reduce Iran’s oil exports for months.

Iran doesn’t have plans for reducing oil output: NIOC

TEHRAN - National Iranian Oil Company (NIOC) doesn’t have any plan for reducing oil output and will continue production at its full capacity, NIOC’s Managing Director Ali Kardor said on Sunday.

NIOC introduces 14 oil exploration blocks to domestic, foreign companies

TEHRAN- National Iranian Oil Company (NIOC) introduced 14 oil exploration blocks in Iran to the Iranian and foreign companies in a meeting in Tehran on Monday, Shana news agency reported.

Russia's Lukoil expected to sign deals in Iran within 3-4 months

TEHRAN - Russia's oil-producing giant, Lukoil is expected to sign contracts in Iran within the next 3-4 months to develop two Iranian oil fields, Sputnik reported on Wednesday quoting the company’s chief executive.

‘Developing joint fields’ gets biggest chunk of NIOC’s investment resources

TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian calendar year (which ends on March 20).

Total’s activity in South Pars on schedule

TEHRAN- France’s Total is working on development project of Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) based on the schedule, National Iranian Oil Company (NIOC) Deputy Director for Engineering and Development Gholamreza Manouchehri told ILNA.

Iran luring its Asian oil buyers by discounts

TEHRAN- Iran is offering discounts to the Asian customers of its crude oil in a bid to retain them.

Iran increases Dec. oil prices for Northwest Europe, Mediterranean, Sidi Kerir

TEHRAN- Iran boosted its crude oil prices for Northwest Europe, the Mediterranean, and Sidi Kerir in December, a source with knowledge of the matter said on Tuesday.

Norway’s ORG to conduct study on Iranian oilfield in Caspian Sea

TEHRAN- The National Iranian Oil Company (NIOC) and the Norwegian Offshore Resource Group (ORG) inked a memorandum of understanding (MOU) on cooperation in conducting development studies on Sardar-e-Jangal oilfield and the exploratory blocks of 24, 26 and 29 in the Caspian Sea.

Russia seeking to develop 10 oil, gas fields in Iran

TEHRAN – Iranian and Russian companies are mulling over cooperation for development of 10 oil and gas fields in Iran, IRNA reported on Saturday, quoting a National Iranian Oil Company (NIOC) official.

Oil exports from Iran expected at 2.09m bpd in Oct.

TEHRAN- Iran’s crude oil exports for October are set to stand at 2.09 million barrels per day (bpd), Reuters reported quoting a person with knowledge of the country's tanker loading schedule.

Belgian company in talks to liquefy Iranian gas on sea

TEHRAN – Belgium's Exmar is in talks with National Iranian Oil Company (NIOC) to use its floating liquefied natural gas vessel for liquefaction and export of Iranian natural gas, Reuters reported.

NIOC to sign 3 oilfield development deals soon

TEHRAN – An official at the National Iranian Oil Company (NIOC) said on Tuesday that nominated companies for the development of three Iranian oilfields have been determined and the deals will probably be signed before the end of the current Iranian calendar year (March 20, 2018), ISNA reported.

Ahmadinejad must repay $1.1bn for mishandling finances

TEHRAN – Former Iranian president Mahmoud Ahmadinejad has been found responsible for causing as much as $1.1 billion in damages to national wealth, Press TV reported.

NIOC, Lukoil ink 2 MOUs on geological prospecting

TEHRAN - National Iranian Oil Company (NIOC) and Russia’s Lukoil signed two memorandums of understanding (MOUs) on Tuesday for conducting geological prospecting on Caspian Sea’s potential oil fields, Shana reported.

Iran plans to keep oil exports at around 2.6m bpd in 2017

TEHRAN – Iran will maintain its crude oil and condensate exports at around 2.6 million barrels per day for the rest of 2017, Reuters reported on Monday quoting a senior official in National Iranian Oil Company (NIOC).

Iran’s condensate exports to ease in October

TEHRAN - Iranian exports of gas condensate are expected to fall to a five-month low in October, Reuters reported citing a source with knowledge of Iran’s preliminary tanker schedule.