NIOC

Iran gears up for return to oil market

Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual. State-controlled National Iranian Oil Co. …

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Iran finds new oil and gas reserves

Iran discovered 40 new oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "After the enactment of the new US sanctions against …

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Iran finds 40 new oil and gas reserves

Iran is now ranked first in the world for oil and gas reserves, head of exploration at the National Iranian Oil Company (NIOC) Seyyed Saleh Hendi said.     "A few years ago, we were …

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Iran gives reply to 'oil bulls'

Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …

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Lukoil and Iran review Mansuri field development plan

Russia's Lukoil presented the development plan for the Mansuri oil field to the National Iranian Oil Company. The plan was considered at the special committee meeting. The documentation of Pertamina, Indonesian state-owned oil …

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Iran starts gas exports to Iraq

Iran started a project to export natural gas to its western neighbor – Iraq.  Exports of around 7 million cubic meters per day (bcm/d) to Iraq’s capital Baghdad had started from the late hours of Wednesday, June 21, the …

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Iran discovers new shale oil deposit

Iran has made a shale oil discovery estimated at 2 billion barrels, an official from the National Iranian Oil Company (NIOC) said. The light crude find was made in the country’s western Lorestan province in the Ghali Koh area, the …

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NIOC Says Iran Crude Output to Hit 4mbd by March

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Iran's crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017, Shana news agency reports. …

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 Iranian gas exporting company liquidated

Iran's Oil Ministry has decided to liquidate National Iranian Gas Exporting Company (NIOC) and create gas exporting department within the country's national oil company. Ali Amirani has been appointed as …

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