NIOC
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NIOC Inks MoUs Worth $8 bln to Develop Joint Oil, Gas Fields
The National Iranian Oil Company (NIOC) signed memoranda of understanding (MoUs), valued at $8 billion, with a number of Iranian production and exploration companies with the aim of developing…
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Iran Discovers Shale Oil Deposits in 10 Areas: NIOC
Iran’s proven shale oil resources have been discovered in 10 different locations in the country, an official at the National Iranian Oil Company (NIOC) said.
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2.5 bln Barrels Added to Iran’s Crude Oil, Natural Gas Reserves in 2023: NIOC Chief
The chief executive of the National Iranian Oil Company (NIOC) said about 2.5 billion barrels were added to the country’s natural gas and crude oil reserves in 2023.
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Iran to Earn $900 bln by Implementing Gas Pressure-Boosting Project
Iran will earn more than $900 billion in revenues with the implementation of the gas pressure-boosting project in the South Pars (SP) Gas Field.
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Oil Output to Reach 100,000 bpd by Operation of Sepehr–Jufair Oilfield 2nd Phase: NIOC
The chief executive of the National Iranian Oil Company (NIOC) said the volume of crude oil production from the Sepehr-Jufair oilfield will hit 100,000 barrels per day (bpd) with the coming into…
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NIOC to Clinch Major Contracts to Increase Oil, Gas Output
EghtesadOnline: The chief executive of the National Iranian Oil Company (NIOC) said that his company plans to ink important contracts in the near future to increase the oil and gas production…
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Iran’s crude output grows by 60% in two years: NIOC chief
The chief executive of the National Iranian Oil Company (NIOC) said that the country’s production of crude oil in the administration of President Ebrahim Raeisi registered a 60 percent hike.
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NIOC Eyes Sale of 1.4 mbpd of Crude Oil in Fiscal 2023-24
EghtesadOnline: The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using…
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NIOC Halts Selling Liquefied Fuel on IRENEX
EghtesadOnline: Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange,…
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Iran: NIOC, Mapna Sign $1.3b Oilfield Contract
EghtesadOnline: Iranian National Oil Company and Mapna Group-- Iran's top engineering and energy firm -- signed a contract to develop Parsi and Paranj Oilfields in Khuzestan Province.
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NIOC Looking for Trade Expansion via Iran Energy Exchange
EghtesadOnline: Following two rounds of sea delivery of oil products offered on the Iran Energy Exchange, the National Iranian Oil Company has said that it wants to expand such offers.
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NIOC Readjusts Oil Sale Terms via Iran Energy Exchange
EghtesadOnline: Almost a month after Oil Minister Bijan Namdar Zanganeh adjusted the guidelines for crude oil sale via IRENEX, the ministry again tweaked purchasing terms to attract buyers.
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Iran's NIOC Again Revising Oil Offer Terms via IRENEX
EghtesadOnline: After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the…
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Iran's NIOC Generating Revenues via New Channels
EghetsadOnline: The National Iranian Oil Company raised $700 million in revenues by selling oil and petroleum byproducts in the capital market in the past eight months, the managing director…
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Iran's NIOC Should Expand Options for Selling Oil
EghtesadOnline: Exporting crude under conditions when new US sanctions are intimidating traditional customers is a difficult undertaking and the National Iranian Oil Company should explore all…
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NIOC Calibrates Crude Oil Offer on Next IRENEX Sale
EghtesadOnline: In a move to facilitate crude oil sale on the Iran Energy Exchange, the National Iranian Oil Company has adjusted some of its purchasing terms for the next round of offer scheduled…
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Comptroller Summarizes NIOC Numbers in Fiscal 2017-18
EghtesadOnline: The National Iranian Oil Company generated $8.6 billion from selling five petroleum products namely gasoline, diesel, mazut, kerosene and liquefied gas in the fiscal 2017-18,…
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NIOC Selling $154m in Manfa’at Bonds
EghtesadOnline: CEO of the National Iranian Oil Company said Tuesday the state company will offer 20 trillion rials ($154 million) worth of Manfa’at bonds in two stages on March 13 and 16 on…
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Caspian Oilfield Development Not on NIOC Agenda
EghtesadOnline: Developing oilfields, especially in the Caspian Sea is not on the agenda of the National Iranian Oil Company. Therefore, Khazar Exploration and Production Company as a subsidiary…
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China Offers NIOC $3b Oil-Field Deal
EghtesadOnline: China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European…
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NIOC Will Issue Manfa’ah Sukuk to Fund Projects
EghtesadOnline: Head of the National Iranian Oil Company said it will issue Islamic debt security Manfa’ah sukuk on the stock market by early next month.
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NIOC in Talks With Vitol
EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.
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NIOC Crude Exports Plunge 700,000 bpd Since August
EghtesadOnline: The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases…
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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,…
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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.
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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.
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NIOC Needs to Maintain Current Output, Exports
EghtesadOnline: Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports…
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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…
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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…
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NIOC Adds 1 More Name to Conduct Susangerd Oilfield Studies
EghtesadOnline: Pars Petro Zagros Engineering and Services Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct studies on an onshore oilfield in…