Head of the National Iranian Oil Company (NIOC) said on Thursday that developing the country’s North Pars gas field is going to add 100 million cubic meters (mcm) to Iran’s natural gas output, the portal of the Pars Oil and Gas Company (POGC) reported. Speaking in a meeting with the …
Read More »NIOC Planning to Use Private Sector Capacities to Boost Oil Sales
Managing Director of National Iranian Oil Company (NIOC) has said his company is going to benefit from the potentials of the country’s private sector to maximize oil and gas condensate sales in the future, Shana reported. Referring to the NIOC plans in the oil sales sector, Mohsen Khojasteh Mehr said: …
Read More »Iran, Venezuela Sign Oil Export Deal
Iran and Venezuela have inked an oil contract to counter the sanctions the United States has imposed on both nations’ oil exports, Trend reports citing Mehr. Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of …
Read More »Iran Commissions New Oil Terminal to Bypass Hormuz Strait for Exports
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, …
Read More »Iran will Return to Oil Market as soon as Sanctions are Lifted
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 …
Read More »Iran Starts Pumping Oil Into Strategic Goreh-Jask Pipeline
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 …
Read More »Iran’s Oil Output Grows for 3rd Consecutive Month
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 …
Read More »Iran’s Crude Oil Export Hit Record
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 …
Read More »NIOC Outlines HSE Priorities for Major Subsidiaries
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 …
Read More »Iran Signs 8 more Oil Projects as Part of Plan to Boost Output by 355,000 b/d
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 …
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