Tag Archives: National Iranian Oil Co. (NIOC)

Iran has commissioned the Jask oil terminal and pipeline project along the Sea of Oman to bypass the Hormuz Strait for crude oil exports. Located near Jask port in the southern Hormozgan Province, the terminal has capacity to receive up to one million barrels per day (bpd) of light, heavy, …

Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported. Zanganeh made the remarks after attending the 17th …

Managing director of the National Iranian Oil Company (NIOC) has announced the beginning of oil transfer operation through Goreh-Jask pipeline which is laid from Goreh oil terminal in the southwestern Bushehr Province to Jask oil terminal along the Gulf of Oman. Masoud Karbasian made the announcement on the sidelines of …

The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows an increase in Iran’s crude oil output for the third consecutive month in March. According to the OPEC report, Iran’s oil production rose by 137,000 barrels per day to 2.304 million bpd in March, marking the …

The Islamic Republic of Iran has reportedly increased its crude oil export to China in recent months. According to Reuters, Iran has moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on the …

Managing Director of the National Iranian Oil Company (NIOC) has outlined the main Health, Safety and Environment (HSE)-related priorities of the company to its major subsidiaries namely Iranian Offshore Oil Company (IOOC), National Iranian South Oil Company (NISOC), and Iranian Oil Terminal Company (IOTC). In a directive addressed to the …

The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by 355,000 b/d at 33 fields. Eight projects worth $1.2 billion were signed on Jan. 11, potentially boosting oil production by …

The National Iranian Oil Company (NIOC) signed eight deals worth €1.2 billion with domestic companies on Monday for developing the country’s oil fields, Shana reported. The deals were signed in a ceremony attended by senior oil industry officials including the Oil Minister Bijan Namdar Zanganeh. The mentioned contracts were inked …

India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field, sources said. ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had …

The National Iranian Oil Company (NIOC) has signed 13 major oil and gas extraction research contracts with Iranian universities and research centers. The documents, worth €35 million plus 7.16 trillion rials, were signed on Monday in a ceremony held in Tehran in the presence of Iranian Oil Minister Bijan Zanganeh. …