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.

‘Continuing exploration activities to ensure increased oil production’

TEHRAN - Director of National Iranian Oil Company (NIOC) Exploration Department Saleh Hendi has said that exploration operation in the country should continue in order to ensure the increase in oil production.

NIOC to ink 12 major research-based deals with universities

TEHRAN – National Iranian Oil Company (NIOC) is going to ink 12 major research-based deals with five of the country’s universities in near future, Shana reported, quoting the NIOC head as saying.

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.