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Total starts development of South Pars phase 11

EghtesadOnline: Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs, Gholam-Reza Manouchehri, says Total, the oil and gas corporation in France, has practically started works for development of the phase 11 of the South Pars Gas Field.
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Publish Date: 02/February/2017 | 18:24

Iran Speeding Up Oil, Gas Deals

EghtesadOnline: The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to tender the giant South Azadegan Oilfield, NIOC's managing director said on Tuesday.
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Publish Date: 25/January/2017 | 07:56

Iran oil output nearing 4m bpd: Oil official

EghtesadOnline: Deputy for Engineering and Development Affairs of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri has announced that the country is now producing daily 3.9 million barrels of oil.
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Publish Date: 12/January/2017 | 10:17

Vitol clinches $1 billion pre-finance oil deal with Iran: sources

EghtesadOnline: The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
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Publish Date: 04/January/2017 | 14:52

NIOC: Iran Pumps More Gas Than Oil

EghtesadOnline: Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.
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Publish Date: 02/January/2017 | 07:53

Iran Signs Spot Contracts With Shell, BP

EghtesadOnline: The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
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Publish Date: 30/December/2016 | 09:54

Azadegan oilfield to be put to international tender in two months

EghtesadOnline: Deputy Managing Director of National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri said on Wednesday that papers for international tender of Azadegan oil field will be completed in two months.
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Publish Date: 22/December/2016 | 07:52

Iran signs MoUs with 3 giant Russian oil companies

EghtesadOnline: A senior official at the National Iranian Oil Company (NIOC) said on Friday that the country has signed three memoranda of understanding (MoU's) with three leading Russian oil companies for bilateral cooperation.
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Publish Date: 20/November/2016 | 11:14

NIOC Rules Out Special Treatment for Vitol Group

EghtesadOnline: Tehran has resumed business with mega trading company Vitol Group after the lifting of international sanctions in January, but the Swiss trader gets no preferential treatment in Iran's energy market, a senior official said.
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Publish Date: 30/October/2016 | 08:50

NIOC releases first tender of oil project

EghtesadOnline: Deputy Minister of Petroleum and Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has released the first tender of oil project for the foreign executives.
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Publish Date: 18/October/2016 | 04:27

Iran sells ultra light oil to BP for first time

EghtesadOnline: Iran has started the gas condensate (ultra light crude oil) sell to BP in the form of spot cargo, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), said.
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Publish Date: 04/October/2016 | 24:31

Iran aims at boosting oil exports to 2.35mbpd

EghtesadOnline: International Affairs Director of National Iranian Oil Company (NIOC) said Iran is presently exporting 2.2mbpd of crude oil but the figure could be well increased to 2,350,000 bpd.
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Publish Date: 03/October/2016 | 09:05

Hungary buys Iranian oil

EghtesadOnline: One more European country buys Iranian oil in post-sanctions era, Director of the International Affairs Department of National Iranian Oil Company (NIOC) Mohsen Qamsari said on Sunday.
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Publish Date: 02/October/2016 | 06:19

South Pars output to fall as of 2023

EghtesadOnline: Gas production in South Pars will fall as of next seven years, Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said on Saturday.
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Publish Date: 11/September/2016 | 24:21

Iran’s NICO, France’s Total to resume oil swap

EghtesadOnline: Naftiran Intertrade Company Sàrl (NICO), a Swiss-based subsidiary of the National Iranian Oil Company (NIOC), reached an agreement with France’s Total to resume oil swap in the near future, Mehr reported Sep. 9.
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Publish Date: 11/September/2016 | 09:59

NIOC chief highlights importance of foreign investment

EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor on Wednesday highlighted importance of attracting foreign capital as mere reliance on domestic financial resources will not bring about economic growth beyond five percent.
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Publish Date: 08/September/2016 | 10:44

Iran to raise crude output by 4 mln barrels in case of demands

EghtesadOnline: Director of National Iranian Oil Company (NIOC) for International Affairs Mohsen Qamsari said that the country would increase output production to 4 million barrels in case there are demands.
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Publish Date: 05/September/2016 | 11:46