Tag Archives | National Iranian Oil Company (NIOC)

Wintershall, Gazprom eyeing Iran Partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

Eni to Study Iranian Oil and Gas Fields

Italy’s oil giant Eni has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out initial studies on the development of an oil field and a gas field in Iran, a report said. Eni and NIOC inked the agreement on Tuesday in Tehran whereby the Italian firm will study […]

Iran will Sign New Oil Deals Worth $15bn

Managing Director of the National Iranian Oil Company Ali Kardor announced that the NIOC will sign several multi-billion-dollar crude contracts with foreign countries to develop the country’s energy fields. “We estimate to conclude new oil contracts with international companies valued at $15 billion,” Kardor, also Iranian Deputy Oil Minister, said. He, meantime, pointed to the […]

Tehran, Vienna See Oil, Energy Cooperation Opportunities

Austrian finance minister met Iran’s minister of petroleum in his Tehran office to discuss cooperation avenues in oil and gas projects. Hans Jorg Schelling met Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday at the head of a high-profile economic delegation. Also accompanying Mr. Schelling was Austrian Ambassador to Tehran Friedrich Stift. Enhancing […]

Zangeneh Prioritizes NIOC Projects for This Year

Iran crude oil output should stabilize at 4 million barrels per day by the end of the current fiscal in March 2018. Restoring relations with oil majors and raising crude production top Iran Oil Ministry’s priority list, Bijan Namdar Zanganeh, the oil minister, said. In a letter to Ali Kardor, managing director of the National […]

South Yaran to Commence Early Production

South Yaran is one of jointly owned oil fields in the West Karoun area in southwestern Iran. It has not been talked about too much. However, its development and operation are among priorities of the Iranian Ministry of Petroleum with regard to developing hydrocarbon fields shared with neighboring countries. North Yaran field has already started […]

Gazprom Neft, OMV to Cooperate on Iranian Projects

At the St. Petersburg International Economic Forum, Gazprom Neft signed a Memorandum of Understanding with OMV Aktiengesellschaft. The document, which describes the mutual interest projects in the oil and gas industry, was signed by First Deputy General Director of Gazprom Neft Vadim Yakovlev and OMV Executive Board member responsible for Upstream, Johann Pleininger. The agreement […]

Inpex Considers Bidding to Develop Iranian Oil Field

Inpex, Japan’s largest upstream company, announced that it plans to bid in a tender recently launched by Iran to develop the country’s Azadegan oil field. “Inpex is in the process of gathering information and conducting updates as necessary. Inpex will consider its response once the tender is published and the terms and conditions pertaining to […]

29 Int’l Companies Invited to Bid for Oil Project

A top Iranian official said the country is going to put development of its Azadegan oilfield out to tender in coming days, noting that 29 oil giants, including Shell and Total, have been invited to make their offers in the event. Ali Kardor, CEO of the National Iranian Oil Company (NIOC), said on Sunday that […]

NIOC signs $615m Deal with Tubacex

By John Lee. The National Iranian Oil Company (NIOC) has signed Iran’s first oil contract of the post-sanctions era with an international consortium comprising Spain’s Tubacex and Iran’s Isfahan Steel Company [Foolad Isfahan Company]. Associated Press reports that the deal worth US$615 million, and says the Spanish-Iranian consortium will provide oil pipes for a network […]