IRENEX hosts 5 offerings of gas condensate, fuel oil in 50 days

TEHRAN- Since the start of the current Iranian calendar year (March 20), Iran Energy Exchange (IRENEX) has held two offerings of gas condensate and three offerings of Mazut (fuel oil) at its international ring, National Iranian Oil Company (NIOC)’s representative in IRENEX announced.

NIOC plans to drill 8 new exploratory wells by March 2021

TEHRAN – Director of National Iranian Oil Company (NIOC) Exploration Department, Saleh Hendi, says the company has it on the agenda to drill eight new exploratory wells in the current Iranian calendar year (ends on March 20, 2021).

NIDC digs 100 oil, gas wells in 10 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 100 oil and gas wells during the first ten months of the current Iranian calendar year (March 21, 2019-February 19, 2020), the company’s deputy head for drilling operation announced.

‘Oil Ministry determined to upgrade oil sector standards’

TEHRAN- Iran’s deputy oil minister for engineering, research, and technology affairs said Oil Ministry is taking serious measures for improving standards in the oil industry, Shana reported on Tuesday.

6m barrels of oil, condensate to be offered at IRENEX this week

TEHRAN - National Iranian Oil Company (NIOC) is going to offer a total of six million barrels of oil and gas condensate at the international ring of the country’s energy exchange (IRENEX) during the current week, Mehr News Agency reported on Sunday, quoting an NIOC official.

‘NIOC seriously pursuing development of joint fields’

TEHRAN - Director of the integrated planning at the National Iranian Oil Company (NIOC) says the company is seriously following up on developing the West Karoun and South Pars joint fields and the contractors for the rest of the shared fields are also mostly determined.

NIDC digs 96 oil, gas wells in 10 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 96 oil and gas wells during the first ten months of the current Iranian calendar year (March 21, 2019-January 20, 2020), Shana reported.

NIOC offers new incentives to buyers of crude oil, condensate at IRENEX

TEHRAN- National Iranian Oil Company (NIOC) has announced that the first offering of crude oil at Iran Energy Exchange (IRENEX) based on the new instructions will be done in the coming days, Shana reported.

NIDC digs 138 oil, gas exploration wells in 4 decades

TEHRAN- National Iranian Drilling Company (NIDC) has dug 138 oil and gas exploration wells in onshore and offshore areas throughout the country in the past four decades after the victory of Islamic Revolution, Shana quoted the managing director of company as saying.

NIOPDC to offer 20,000 tons of kerosene at IRENEX on Monday

TEHRAN - National Iranian Oil Products Distribution Company (NIOPDC) is going to offer 20,000 tons of kerosene at the international ring of Iran Energy Exchange (IRENEX) on Monday, ISNA reported.

NIOC to ensure participation of private sector in studying exploration blocks

TEHRAN - The director of the National Iranian Oil Company (NIOC)'s Discovery Department has stressed the need for ensuring the participation of the country’s private sector in the assessment and study projects of the discovered blocks across the country.

IRENEX to hold 16th round of offering light crude oil on Tuesday

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

By Mahnaz Abdi

Oil offering at IRENEX facing challenges, but will definitely continue

The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.

IRENEX to hold 9th 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, ISNA reported. The base price for this round of offering, which is the ninth round, is $54.33 per barrel.

IRENEX to hold 15th round of offering light crude oil on Tuesday

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

Project for indigenizing oil industry equipment progresses over 50%

TEHRAN – A project for indigenizing 10 major oil industry equipment items has witnessed over 50 percent progress, IRIB reported on Wednesday, quoting an official with National Iranian Oil Company (NIOC).

NIOC to offer 2m barrels of gas condensate at IRENEX on Wednesday

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

IRENEX to hold 8th round of heavy crude oil offering

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

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.