Tag Archives: National Iranian Oil Co. (NIOC)

.The volume of gas in place (GIP) of the field is estimated at 42 to 56 TCF

.NIOC has approved 11 domestic corporations for partnership with internationals in future oil and gas projects

.NIOC plans to build several oil refineries abroad to expand the country’s oil market

.Iran'.s gas production has soared to 840 million cubic meters per day from a total of 490 mcm/d in mid-2013

.Iran'.s production of natural gas from the supergiant South Pars Gas Field stands at 480 mcm/d

.Pasargad will have six months to complete its studies and submit a development plan

.NIOC signed a heads of agreement (HOA) with Total in November for development of South Pars Phase 11

The French company has already started its operations in development project of phase 11 of Iran’s South Pars oil and gas field

.The agreement on development of phase 11 of South Pars Gas Field is valued at 4.8 million dollars

30-thousand-barrel rise in daily production of South Azadegan oilfield by the end of the current Iranian calendar year