Iran Ready for Drilling in Arash Field
The CEO of National Iranian Oil Company (NIOC) says Iran is ready to have drilling operation in the Arash gas field as the country is ahead of Kuwait and Saudi Arabia in planning.
Iran Soon to Recover From South Pars Phase 11
The CEO of National Iranian Oil Company (NIOC) says works for accelerating the trend of completion of important and strategic projects especially developing the joint fields are underway, adding that the maximum volume of operation in the joint South Pars field for producing gas is underway.
NIOC raises September OSP for Asian buyers
National Iranian Oil Company (NIOC) has increased its crude oil selling prices (OSP) for Asian buyers in September considering the global rise in oil prices, Shana reported.
NIOC, Gazprom Strike $40b MoU
The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.
Iran eyeing new destinations for oil shipments: NIOC
The managing director of the National Iranian Oil Company (NIOC) has said Iran is looking into potential new destinations for the country’s oil cargoes to diversify the list of oil buyers, IRNA reported
NIOC’s monitoring center officially launched
The monitoring center of the National Iranian Oil Company (NIOC) was officially inaugurated in a ceremony attended by the outgoing Oil Minister Bijan Namdar Zanganeh on Sunday, Shana reported.
Jask oil terminal’s storage capacity to be increased
The director of the Goreh-Jask oil transfer project’s storage tanks said that according to the planning done for Makran region, 10 million barrels of storage capacity will not definitely meet the need in the future, so increasing storage capacity in the second and third phases is inevitable.
NIDC allocates over $123m to renovate, drilling rigs
National Iranian Drilling Company (NIDC) has allocated 5.2 trillion rials (about $123.8 million) for the renovation and upgrading of its drilling rigs and equipment in the company’s operational, technical, specialized, and logistical departments.
NIOC pushing EOR projects in preparation for oil market return
As Vienna nuclear talks between Iran and world powers show signs of progress, the National Iranian Oil Company (NIOC) is also getting prepared for boosting the country’s oil output to pre-sanction levels or even higher.
Tehran, La Paz mulling over resumption of energy co-op
Iran's Ambassador to La Paz Morteza Tafreshi has met with Bolivian Minister of Hydrocarbons and Energy Franklin Molina Ortiz, to discuss the resumption of energy cooperation between the two countries, IRNA reported citing Bolivia’s El Deber Newspaper.