NIOC | Egypt Oil & Gas - Part 3
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, according to the Tehran Times. According to NIOC’s Managing Directo...
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, according to a press release. This increased activity signi... NIOC Plans Future Oil Projects
National Iranian Oil Company (NIOC) plans to implement new oil projects in the near future, high ranking official Karim Zobeydi told IRNA. The future plans include measures trying to alleviate restrictions placed on ...
Iran to Award E&P Contracts to Local Companies
Iran may award up to five exploration and production (E&P) contracts to some of its national oil companies (NOCs), with the first deal expected in the coming months, Reuters reported. The National Iranian Oil Comp...
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 Compa...
Iran to Build Oil Storage Facility at Gulf of Oman
A National Iranian Oil Company’s (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, oil ministry press servic...
Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol, Reuters reported. The Spanish company agreed to buy 500,000 barrels of the heavy grade crude on a spot basis, and will co-load the cargo within the nex... NIOC Signs $2.4 B Oil Deal with Iranian Firm
The National Iranian Oil Company (NIOC) signed an agreement for which the CAPEX is $2.4 billion with Pasargad Energy Development Company (PEDC) for the integrated development of Sepehr and Jofeir Fields, Fars News rep...
