Tag Archives: National Iranian Oil Co. (NIOC)

Iran has the capacity to produce 3.7 million barrels per day of crude oil.

NISOC has successfully manufactured over 1.000 items used in the petroleum industry over the course of the past year.

The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.

Touraj Dehqani. CEO of Petroleum Engineering and Development Company (PEDEC). has said the company plans to increase production from the Yadavaran oil field.

Some 120 kilometers southeast of the southern Bushehr Province. Iran owns a gas field holding more than 57 tcf of gas in place.

Omid Asakareh. CEO of Negin Afagh Kish Energy Development Co (TENCO). says his company is set to sign an agreement for the development of an oil field in southern Iran.

Last year. four of the eight tanks in the project were put into operation.

Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.

The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals.