Iran Oil Company

Ahvaz Gas Turbine Restoration Boosts Oil Supply by 750K bpd

EghtesadOnline: Experts of the National Iranian Oil Company have restored a dilapidated gas-powered turbine in Ahvaz pumping station, Khuzestan Province, which has boosted the transfer of crude…
2018-08-12 06:59
NIOC Cuts Sept. Asia-Bound Crude OSPs

EghtesadOnline: State-owned National Iranian Oil Company has cut the official selling price differential for all its crude oil grades loading in September from Kharg Island and bound for Asia,…
2018-08-11 11:05
Domestic Companies to Collect APG From Karoun Oilfields

EghtesadOnline: The National Iranian Oil Company is expected to sign two contracts, worth $1.2 billion, with domestic companies to collect associated petroleum gases from oilfields in the eastern…
2018-08-04 13:20
1st Pars Oil Cargo Exported

EghtesadOnline: National Iranian Oil Company shipped its first batch of crude cargo from West Karoun Oil Block in the southern Khuzestan Province to an unnamed European buyer.
2018-06-24 08:58
NIOC Plans to Increase Oilfield Capacity

EghtesadOnline: National Iranian Oil Company plans to increase the production capacity of its oilfields by 400,000 barrels per day.
2018-06-23 10:35
Strengthening Local Enterprises Should Be NIOC Priority

EghtesadOnline: The National Iranian Oil Company needs a policy paradigm shift to develop oilfields, a member of Iran's Institute for International Energy Studies said.
2018-06-20 14:33
South Pars Phase 11 Plans on Track

EghtesadOnline: Operations to develop South Pars Gas Field's Phase 11 in the Persian Gulf are moving forward despite Total abandoning the venture, the deputy for development and engineering at…
2018-06-20 14:28
NIOC Raises July Crude Prices

EghtesadOnline: State-owned National Iranian Oil Company raised the official selling price differentials for all its crude oil grades loading in July from Kharg Island and bound for Asia from…
2018-06-20 14:13
4% of Oil Projects' Value for Underdeveloped Regions

EghtesadOnline: The National Iranian Oil Company has allocated 4% of the oil projects' value, including extraction and production, on implementing development plans in oil-rich regions, NIOC's…
2018-06-20 14:10
Gov’t to Receive 4m Tons of Free Bitumen

EghtesadOnline: The National Iranian Oil Company will provide various ministries and governmental organizations with 4 million tons of free bitumen valued at up to 30 trillion rials ($714.28…
2018-06-12 05:50
NIOC to Utilize APG Instead of Flaring It

EghtesadOnline: The National Iranian Oil Company has reached an agreement with two unnamed domestic firms on preserving and transferring associated petroleum gases to curb air pollution and prevent…
2018-02-17 14:16
NITC Says Trying to Avoid Sanchi Row With China

EghtesadOnline: The National Iranian Oil Company is awaiting further investigation into the disastrous fate of its oil tanker Sanchi, as it aims to eschew a diplomatic showdown with China over…
2018-02-03 11:59
Competence Key to Vetting Local Oil, Gas Contractors

EghtesadOnline: Iran's state oil company is lining up a spate of subcontracts for local firms as part of large-scale oil and gas development projects and aims to ensure that incompetent firms…
2018-01-15 06:19
Kish Field Talks Underway

EghtesadOnline: Domestic and foreign companies are in talks with the state-owned National Iranian Oil Company on the development rights of Kish Gas Field, the Persian Gulf’s second largest gas…
2017-10-28 14:09