Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC) announced that the company said NIOC was planning to issue bonds worth IRR 20,000 billion to finance projects aimed at production enhancement an ...

Iran’s NIOC Signs 8 Oil Contracts with Local Companies worth $1.2 B

The National Iranian Oil Company (NIOC) has signed eight oil contracts with local companies to boost and maintain production at the Iranian fields at a cost of $1.2 billion.

South Pars Starts Drilling Operations at Phase 11

Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021. 

Iran to Start Gas Production from Phase 11 in 2022

Iran will start to produce natural gas from Phase 11 of the South Pars gas field during H2 of the next Iranian calendar year beginning on March 21, 2021 at a cost of $50 million

Iran Announces 25% Reduction in Gas Flaring

Iran’s state-owned National Iranian Oil Company (NIOC) has reported that Iran’s flare gas waste has declined 25% compared with 2019's figures.

Construction of Goreh-Jask Oil Pipeline Underway

The National Iranian Oil Company (NIOC) has confirmed that all facilities have been implemented to accelerate the finish date of the Goreh-Jask oil pipeline.

NIOC Plans Future Oil Projects

National Iranian Oil Company (NIOC) plans to implement new oil projects in the near future according to high ranking official Karim Zobeydi.

Iran to Award E&P Contracts to Local Companies

Three or four exploration blocks will be developed by local firms within a year, according to the National Iranian Oil Company.

NIOC-Owned North Sea Field Given US Sanctions Waiver

The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil C ...

Iran to Build Oil Storage Facility at Gulf of Oman

A National Iranian Oil Company (NIOC) subsidiary has signed an agreement with a domestic firm to construct a $232-million crude storage facility near Iran’s southeastern port of Jask.

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