The CEO of the National Iranian Oil Company has said the signing of strategic cooperation agreement between Iran and Russia is the biggest investment deal in the history of Iranian oil industry. Speaking at a ceremony where the agreement between the NIOC and Russia’s Gazprom Company was signed, Mohsen Khojastehmehr …
Read More »Iran’s NIOC, Russia’s Gazprom Strike $40b MoU
The National Iranian Oil Company (NIOC) and Russia’s Gazprom signed a memorandum of understanding worth roughly 40 billion dollars. The document was signed during an online ceremony on Tuesday by NIOC CEO Mohsen Khojastehmehr and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee. The development of Kish and North …
Read More »Iranian Gov’t Restores 1mln bpd Oil Production
Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said on Sunday that the government of President Seyed Ebrahim Rayeesi has managed to restore 1mln bpd of crude production which had been lost due to the US sanctions. Iran produced 3.838 million bpd before the US pulled …
Read More »Iran’s Oil Production Reaches Pre-Sanctions Level
Iran’s oil exports have seen a 40-percent rise and the capacity of oil production has reached pre-sanctions level despite sanctions and economic pressure, the CEO of National Iranian Oil Company (NIOC) said on Sunday. Mohsen Khojasteh-mehr said that Iran is in the first place of the world in aggregate oil …
Read More »