National Iranian Oil Company (NIOC)

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.

Iran’s NIOC, Russia’s Gazprom agree to enhance cooperation

TEHRAN, May 14 (MNA) – National Iranian Oil Company (NIOC) and Russia’s Gazprom Company agreed to strengthen cooperation in relevant fields.

South Pars Phase 11 to produce 14MCM of gas per day: Official

TEHRAN, May 06 (MNA) – The Phase 11 of South Pars Gas Field is scheduled to produce 14 million cubic meters (MCM) of gas per day by the end of this Iranian calendar year in 1401 (March 20, 2023), an Iranian official said.

Iran’s oil output capacity returns to pre-sanctions levels

TEHRAN, Mar. 25 (MNA) – Promise of oil production capacity to pre-sanctions level has been fulfilled in 13th government, reaching more than 3.8 million barrels per day (bpd), Public Relations Department of Iranian Oil Ministry says.

€4.5bn allocated to strengthen Iran's defense power

TEHRAN, Mar. 05 (MNA) – The government was obliged to allocate €4.5 billion to strengthen defense power and strategic defense research using the financial resources of the National Iranian Oil Company (NIOC).

Iran oil tanker to discharge 2 mln barrels in Venezuela

TEHRAN, Feb. 01 (MNA) – An Iranian oil tanker carrying condensate will discharge 2 million barrels in Venezuela.

Discharge of Iranian condensate begins in Venezuela: report

TEHRAN, Sep. 28 (MNA) – Media have reported that a 2.1-million barrel cargo of condensate supplied by Iranian National Oil Company (NIOC) to Venezuela's PDVSA began discharging this week.

US says to continue imposing sanctions on Iran, Venezuela

TEHRAN, Sep. 26 (MNA) – In its reaction to a report of oil cooperation between Tehran and Caracas, US Department of Treasury said that Washington would continue to impose sanctions on Islamic Republic of Iran and Venezuela.

Briefing on Iran’s daily developments

TEHRAN, Jul. 21 (MNA) – The following are the Islamic Republic of Iran’s latest developments in the last 24 hours.

1st shipment of Iran oil from Oman Sea to be loaded on Thur.

TEHRAN, Jul. 20 (MNA) – The loading operations of the first shipment of Iranian oil export from Sea of Oman will begin on Thursday, July 22.

Major pipeline on verge of opening:

Iranian oil to reach Jask within hours

TEHRAN, Jul. 18 (MNA) – The Deputy Head of the National Iranian Oil Company for Development and Engineering Affairs revealed that Iranian oil will reach Jask Oil Terminal along Gulf of Oman in the next few hours.

POGC CEO:

Jask Oil Terminal poised to export crude from Sea of Oman

TEHRAN, May 22 (MNA) – Chief Executive of Pars Oil and Gas Company (POGC) said that Jask Oil Terminal is fully ready to receive, transfer and load crude oil through Sea of Oman.