Oil Company
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Shazand Refinery Helps IRISL Espouse IMO Fuel Guidelines
EghtesadOnline: The National Iranian Oil Company supplies almost 55% of low-sulphur fuel to Iran's shipping fleet that complies with the International Maritime Organization’s new regulations…
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Rise in Hendijan Oil Field Production
EghtesadOnline: The wellhead Platform 7 of Hendijan Oil Field in the Persian Gulf was installed late on Monday, managing director of Iranian Offshore Oil Company, operator of the field, said.
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Iran Oil Company Invests in Upgrading Public Transport
EghtesadOnline: Over 20,700 gasoline-powered public transport and commercial vehicles have so far been converted into compressed natural gas hybrids, as per the nationwide scheme initiated by…
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NIOC Signs $1.7b Contracts With Domestic Firms
EghtesadOnline: The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and…
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Gas Flaring Down 40%
EghtesadOnline: The National Iranian Oil Company has reported that gas flaring in oilfields declined 40% in 2019 compared to 2017.
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Kish Power Plants Cut Diesel Use
EghtesadOnline: Supplying associated petroleum gases from oilfields in Sirri Island to thermal power plants in Kish Island over the decade has significantly cut the use of high levels of diesel,…
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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 Oil Company Cutting Dependency on Foreign Equipment, Parts
EghtesadOnline: National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize…
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NIOCED Expanding Interaction With Academia, Knowledge-Based Firms
EghtesadOnline: The National Iranian Oil Company Exploration Directorate signed four research contracts with universities and knowledge-based companies in Mashhad, Khorasan Razavi Province.
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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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Iran: Shale Exploration Will Continue in Lorestan and Oman Sea
EghtesadOnline: The exploration arm of National Iranian Oil Company has been authorized by the Oil Ministry to start the second phase of studies on unconventional hydrocarbon basins, head of…
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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.