Tag Archives | National Iranian Oil Company (NIOC)

Iran Oil Needs $250bn Investment over 10 Years

The National Iranian Oil Company’s (NIOC) Deputy Managing Director for Investment and Finance, Ali Kardor (pictured), has said the country’s oil industry needs an investment of more than $250 billion over the coming decade. “During 2016-2025, our upstream sector needs 176 billion dollars and the downstream sector needs 77 billion dollars of investment,” he said. The […]

OMV Seeks Technical Cooperation in Iran

A senior official with Austrian oil giant OMV says his company is hunting out technical cooperation in Iran for developing the country’s oil and gas fields. “Stronger technical cooperation in potential field developments in Iran by using new or existing technology” are the company’s future agenda in cooperating with its Iranian counterparts, said Stephan Hannke, […]

NISOC Ready Increase Oil Output

The Managing director of the National Iranian South Oil Company (NISOC) said on Wednesday that the company is ready to increase oil production by 30 percent. Bijan Alipour told IRNA that the NISOC, the biggest oil company affiliated to National Iranian Oil Company (NIOC), has enough capacity to add 600,000 bpd to its current production […]

French Companies Eye Iranian Market

Senior officials from more than 150 French companies visited Tehran recently to discussed investment prospects in oil, gas and other sectors. Eric Festa, the director general of Total E&P Iran, said that the company currently has to comply with international sanctions on Iran, but told Iran Daily: “Following the lifting of the embargoes, we will […]

Iran to Build 2nd Oil, Gas Export Terminal in Jask

The Secretary of the Supreme Council of Iran’s Free Trade, Industrial, and Special Economic Zones said the country’s second terminal for exporting oil and gas after the Kharq Island in the Persian Gulf will be constructed in the Jask port, southern Hormozgan province. Introducing the government’s plans to develop the coastal strip of Makran along […]

European Unis Link with Iran Energy Research

The Research Institute of Petroleum Industry (RIPI) and DBUII consortium of universities will discuss prospects of research cooperation on the sidelines of the Second International Conference on Technological Opportunities (ICTO) in Oil and Gas Industry which opens in Tehran this week. DBUII, comprising TU-Delft University of Technology in Netherlands, Bergen University in Norway, Ultrecht University […]

$8bn Profit Waiting Iran’s Foreign Investors

President of the Research Institute of Petroleum Industry (RIPI) said international firms and investors will turn a profit of 8 billion dollars after removal of the sanctions against Iran. “It is estimated that with implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA), a market worth 8 billion dollars will be before international firms […]

US Firms ‘Likely to Attend’ Oil Contracts Conference

The Managing Director of the National Iranian Oil Company (NIOC) said the US companies are likely to take part in the upcoming conference to unveil Iran’s new oil contracts in Tehran. “There is no clear picture about their participation, but the chance can’t be ruled out,” Rokneddin Javadi (pictured) told Shana. “The government has laid […]

Russia’s Lukoil to sign MoU with Iran

By John Lee. Russia’s energy giant Lukoil is set to sign an MoU for boosting oil recovery, oil exploration and extraction with Iran, an Iranian deputy petroleum minister says. Cooperation was discussed between Minister of Petroleum Bijan Namdar Zangeneh and Lukoil Chief Executive Vagit Alekperov (pictured) in the wake of a new opening following the […]

Iran to Unveil New Oil Contracts in Nov

The Managing Director of the National Iranian Oil Company (NIOC) has said Iran will introduce its new oil contracts in early November in Tehran. “The first phase of contracts will be unveiled in November in Tehran and a follow-up conference will be held in one or two months in London,” Roknoddin Javadi (pictured) told reporters. […]

NIOC Opens Office in Iraq

By John Lee. Iran’s Deputy Oil Minister has announced that an office of the National Iranian Oil Company (NIOC) has been officially opened in Iraq. According to a report from Mehr News Agency, Roknoddin Javadi (pictured), who is also the Managing Director of the NIOC, stressed the need to be present in neighbouring countries, adding […]

Shell to Pay Iran Debt, Considers Investment

By John Lee. A top executive at Shell has said that the company is to repay a $2 billion (1.3 billion pounds) debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted, and will consider investing in the country’s vast energy sector. The debt is a result of Iranian oil deliveries […]