National Iranian Oil Company (NIOC)

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.

NIOC announces Iran crude oil prices for Sep. delivery

TEHRAN, Aug. 16 (MNA) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian markets in September.

NIOC chief:

3 other phases of SP Refinery 14 to come on stream by yearend

TEHRAN, Jul. 20 (MNA) – The Chief Executive of National Iranian Oil Company (NIOC) announced that three other phases of Refinery 14 of South Pars Gas Field will be put into operation, costing $2.5 billion, by end of current year (to end Mar. 2023).

Iran's NIOC, Russia's Gazprom strike $40b MoU

TEHRAN, Jul. 19 (MNA) – The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.

Iran determined to expand oil export markets: NIOC chief

TEHRAN, May 27 (MNA) – Chief Executive of National Iranian Oil Company (NIOC) said that administration of President Raeisi has paved way for the supply of crude oil in Iran Energy Exchange (IEE) to boost oil export to target markets.

Iran inks confidential oil contract with foreign firm

TEHRAN, May 22 (MNA) – The Manager of National Iranian Oil Company (NIOC) for Investment and Business Affairs announced the conclusion of a confidential contract, valued at €500 million, with a foreign company.  

NIOC Chief:

Iran's oil exports hike 40% despite sanctions

TEHRAN, May 15 (MNA) – The CEO of the National Iranian Oil ‎Company (NIOC) said that Iran is seeking to sell its oil at the highest volume possible, adding that the country’s exports have witnessed a 40 percent hike in spite of sanctions.