NIOC | Egypt Oil & Gas - Part 3

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.

Iran Sells First Cargo of West Karoun Crude to Repsol

Iran has sold its first cargo of West Karoun crude oil to Repsol.

NIOC Signs $2.4 B Oil Deal with Iranian Firm

The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.

Russia, Iran Sign $740 M Development Agreement

The NIOC signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border.

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