Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects. The MoU was signed in the presence of Mohamme...
Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country’s gas output capacity is anticipated to expand by 500 million cubic meters per d...
Iran has the capacity to produce 7.4 million barrels of crude oil per day, according to the head of the office of the Supreme Leader’s economic division. Adding: “We are an oil country, we cannot lag behind the ...
The National Iranian Oil Company’s (NIOC) CEO declared that a strategic plan of roughly $900 million will be launched in the province of Khuzestan’s upstream oil industries. Mohsen Khojste Mehr said in the...
The cost of light crude oil, heavy crude oil, and Forouzan crude for sale in September has been fixed by the NIOC’s international affairs division at $9.50, $6.30, and $6.40, respectively, over the average oil p...
The National Iranian Oil Company (NIOC) CEO said the deal with Gazprom is one of the largest foreign direct investment memorandum of understanding (MOU) in the history of Iran’s oil industry. In an online ceremo...
As part of the National Oil Company of Iran’s project for Mansouri Fields, wells no. 123 and 124 have successfully been commissioned, which will increase the field’s crude oil production. OIEC CEO Mohammad...
In a recent statement, Mohsen Khojasteh-Mehr, Managing Director of the National Iranian Oil Company (NIOC), stressed a strong commitment to promoting bilateral energy cooperation between his country and Russia. On the...
The National Iranian Oil Company’s (NIOC) CEO Mohsen Khojastehmehr expressed confidence that Iran’s natural gas production in winter will reach 940 million cubic meters per day (mmcm/d), Shana news agency report...
The CEO of Pars Oil and Gas Company (POGC), Mohammad Meshkinfam, announced that 336 wells out of total 400 wells, representing 84%, at South Pars filed are connected to the production line, a press release issued by N...