Tag Archives: National Iranian Oil Co. (NIOC)

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 …

The managing director of National Iranian Oil Company (NIOC) said that projects worth $8 billion have been defined for the development of the oil fields at the West Karoun region. One of these projects is development of phase 2 of South Azadegan field through establishment of a consortium of Iranian …

The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices. NIOC Managing Director Mohsen Khojasteh-Mehr told IRNA on Friday that the new Iranian administration has …

Iranian state-owned NIOC will switch the benchmark basis of its official prices for European crude sales, a potential signal of Tehran’s intentions to return in full force to global markets. In its latest official price formula issuance for January, NIOC notes it will shift its benchmark from Ice Bwave to …

The Managing Director of the National Iranian Oil Company (NIOC) has said his company is seeking new win-win strategies for attracting investment in the country’s oil and gas industry, Shana reported. “When talking about the need to improve contracts and increase the bargaining power and attractiveness of projects, we do …

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 …

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: …

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 …

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 …