Tag Archives: National Iranian Oil Co. (NIOC)

The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oilfield in the Southwestern province of Khuzestan. where the NIOC has already found a giant oil reserve that was declared in last month.

Diesel consumption in the period was 135 million liters per day. up 41% compared to last year.

The National Iranian Drilling Company (NIDC) has successfully completed drilling operations on 88 oil and gas wells over the first 9 months of the current calendar year.

Ahmad Shirzadi. exploration director at Khazar Exploration and Production Company (KEPCO). has announced the start of two major projects within areas run by this company.

Iran is currently under sanctions and consequently its oil production has faced with restrictions. But Minister Zangeneh said Iran’s known oil and gas reserves should not be ignored in the mid and long-term.

Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.

Aghajari Oil and Gas Production Company (AOGPC) has successfully overhauled 21 gas turbines in its repair shop.

An investment of $75 million was to be made in the project by tapping the domestic resources of NIOC in the first phase.

The Iranian oil company Patropars was awarded the engineering. exploration and basic design sections of Farzad B Gas Field Development Project.

The exploration management of NIOC signed the deals in the northwestern city of Tabriz.