NIOC | Egypt Oil & Gas - Part 4
Iran’s Oil Reserves Could Increase by 10%
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%, said Gholam-Reza Manouchehri, Deputy Chief Executive of the Nati...
Gazprom Signs MoUs with Iran
Gazprom signed two memoranda of understanding (MoU) with Iran for the development of Iran’s natural gas assets, Xinhua reports. The Russian oil company signed the MoUs with the National Iranian Oil Company (NIOC) and ...
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia, Reuters reports. Iran’s national oil company, the National Iranian Oil Company (NIOC), lowered its December prices ...
NIOC, Pertamina to Negotiate LPG-Contract Renewal
The National Iranian Oil Company (NIOC) and Indonesia’s Pertamina are set to begin negotiations to renew a liquefied petroleum gas (LPG) contract, Platts reports. The companies will discuss both price and quantity. In...
Iran Projects Crude Production of 4.5M b/d
The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022, according to SHANA, an Iranian news...
Iran’s South Pars Oilfield Could Produce 140,000 b/d
Maersk Oil estimates that potential output from Iran’s South Pars could reach 120,000 to 140,000 b/d during the second phase of its development, according to an official from the National Iranian Oil Company (NIOC) as...
Iran to Reveal 14 Oil, Gas Exploration Tenders
Iran is planning to unveil its first round of oil and gas exploration tenders since the easing of economic sanctions. This step comes in the light of Iran’s strategy to attract International Oil Companies (IOCs)...
Total Develops Iran’s South Pars Gas Field
France’s Total signs an agreement to develop Phase 11 of Iran’s offshore South Pars Gas field, which is the world’s biggest natural gas field. The deal is considered as the first foreign deal since US sanc...
