National Iranian Oil Company (NIOC)

NIOC announces Iranian crude oil OSP for March

TEHRAN, Mar. 03 (MNA) – National Iranian Oil Company (NIOC) has set official selling prices (OSP) for Iranian crude oil in March, so that Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Iran's crude oil exports to China surges despite US sanctions

TEHRAN, Feb. 20 (MNA) – Iranian crude oil flows to China have rebounded this month after a US sanctions on shipments launched in late 2024 decimated them in January.

SP pressure boost project contracts worth $17b to be signed

TEHRAN, Feb. 02 (MNA) – Engineering and Development Manager of the National Iranian Oil Company (NIOC) has said that seven executive contracts for the South Pars (SP) pressure boost project, valued at $17 billion, are ready to be signed soon.

Oil output to surge by 10,000 bpd with developing 3 oilfields

TEHRAN, Jan. 26 (MNA) – The development plan for three oilfields namely “Soumar”, “Saman”, and “Delavaran” in western Iran will increase the oil production volume by 10,000 barrel per day (bpd).

Iran’s official oil prices for January released

TEHRAN, Jan. 06 (MNA) – The National Iranian Oil Company (NIOC) released the official selling prices for Iranian crude oil in January 2025.

Iran increases daily oil output by 15 mn liters

TEHRAN, Dec. 21 (MNA) – A senior official from the National Iranian Oil Refining and Distribution Company (NIORDC) announces an increase of 15 million liters in the country's daily oil production over the four months of the new government's term.

Iran's oil output up by 60,000 bpd: NIOC chief

TEHRAN, Nov. 21 (MNA) – The CEO of the National Iranian Oil Company (NIOC) has said that the country's daily oil production volume has increased by 60,000 barrels.

CBI to provide $3 bln loan to NIOC for increase in oil output

TEHRAN, Sep. 16 (MNA) – The Central Bank of Iran (CBI) will issue a $3 billion loan to fund a plan by the country’s state oil company, NIOC, to increase oil production by 250,000 barrels per day (bpd) in the near future.

NIOC to clinch major contracts to increase oil, gas output

TEHRAN, Jan. 16 (MNA) – 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 volume.

Iran’s crude output grows by 60% in two years: NIOC chief

TEHRAN, Dec. 19 (MNA) – 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.

Russian firms developing 7 oilfields in Iran: NIOC chief

TEHRAN, Nov. 15 (MNA) – Seven oilfields in Iran are being developed by Russian companies, the chief executive of the National Iranian Oil Company (NIOC) said.

Iran starts gas production at Phase 11 of South Pars: NIOC

TEHRAN, Aug. 15 (MNA) – The production of gas in Phase 11 of the South Pars, has started, the managing director of the National Iranian Oil Company (NIOC) said Tuesday.

Official:

Iran to start oil production in Sepehr-Jufair fields soon

TEHRAN, Aug. 12 (MNA) – The CEO of Petroleum Engineering and Development Company (PEDEC) said that 1st phase of the Sepehr-Jufair fields development plan is completed, adding that oil production in those fields will kick off in the near future.

Iran daily oil output to rise to 3.5mn by summer end: NIOC

TEHRAN, Aug. 09 (MNA) – Iran's crude production will rise to 3.5 million barrels per day (bpd) by September 22, 2023, the managing director of the National Iranian Oil Company (NIOC) said Wednesday.

NIOC eyes $250 bn foreign, domestic investments in 8 years

TEHRAN, Jul. 08 (MNA) – The National Iranian Oil Company (NIOC) is targeting an investment of $250 billion in its upstream, midstream and downstream oil sectors, especially in liquefied natural gas (LNG) industry, over the next eight years.

NIOC chief:

Preliminary steps taken for Tehran-Riyadh oil cooperation

TEHRAN, Jun. 27 (MNA) – The CEO of the National Iranian Oil Company Mohsen Khojasteh-Mehr says that due to the restoration of relations between Tehran and Riyadh, preliminary measures have been taken for bilateral cooperation in the oil field.

NIOC chief:

NGL 3200 plant big step toward collecting associated gases

TEHRAN, Apr. 16 (MNA) – The National Iranian Oil Company (NIOC) managing director said the first phase of the NGL 3200 project will become operational soon, describing it as a major stride toward collecting associated gases.

NIOC taking measures to prevent gas pressure drop in S. Pars

TEHRAN, Jan. 25 (MNA) – CEO of the National Iranian Oil Company Mohsen Khojasteh Mehr said that measures are being taken to prevent the pressure drops in the South Pars gas field.

Iran awards $500mn worth of contracts to revive oil wells

TEHRAN, Jan. 24 (MNA) – Iran’s state oil company the NIOC has awarded some $500 million worth of contracts to domestic companies to revive low-production oil wells in the country.

Iran Rich gas output hits 1.04 bcm/d

TEHRAN, Dec. 31 (MNA) – National Iranian Oil Company (NIOC) produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, said a NIOC official.

NIOC chief:

SP Phase 11 to be put into production stage after two decades

TEHRAN, Dec. 10 (MNA)– Referring to the measures taken in South Pars Gas Field and other fields to increase natural gas output rate, CEO of National Iranian Oil Company said that South Pars Phase 11 will be put into operation stage after two decades.

Iran explores new oil reservoirs in southwest

TEHRAN, Dec. 06 (MNA) – An official with the National Iranian Oil Company announced the discovery of new oil resources in the southwest of the country.

NIOC to soon start producing gas in South Pars Phase 11

TEHRAN, Dec. 05 (MNA) – Referring to accelerating the completion of strategic projects especially developing joint gas fields, the Chief Executive of the National Iranian Oil Company (NIOC) said that producing gas will begin in South Pars Phase 11.

NIOC:

Iran to start works to develop key oilfield shared with Iraq

TEHRAN, Nov. 09 (MNA) – The development works on a key oilfield shared with Iraq will start within days, says the National Iranian Oil Company (NIOC) CEO.

Iran oil minister:

Exports of oil, gas condensates continue despite sanctions

TEHRAN, Oct. 02 (MNA) – Iranian Petroleum Minister said that country’s exports of crude oil and gas condensate to the target markets are ongoing incessantly despite the US sanctions.

Iran eyes 0.2mbd crude oil output capacity rise by March 2023

TEHRAN, Sep. 03 (MNA) – The CEO of the National Iranian Oil Company (NIOC) said an increase of 200,000 barrels per day in Iran's oil production capacity is expected by the end of the current calendar year, which began on March 21.

Iran’s oil output to reach over 4m bpd by yearend: NIOC chief

TEHRAN, Aug. 22 (MNA) – Stating that Iran is ready for the maximum gas swap, Chief Executive of the National Iranian Oil Company (NIOC) said that oil production capacity will reach more than 4 million barrels of oil per day (bpd) by the yearend.

IOOC:

1st phase of developing Esfandiar joint oilfield to start

TEHRAN, Aug. 20 (MNA) – The Chief Executive of Iranian Offshore Oil Company (IOOC) said that the first phase of development of Esfandiar Joint Oilfield has been put atop the agenda of the company.