Tag Archives | National Iranian Oil Company (NIOC)

NIOC signs $2.4bn Oil Deal with Local Firm

The National Iranian Oil Company (NIOC) and Pasargad Energy Development Company (PEDC) have signed a contract for the integrated development of Sepehr and Jofeir Fields with an estimated CAPEX of 2.4 billion dollars. The CEOs of NIOC CEO (Ali Kardor) and PEDC (Mehdi Mir Mo’ezi) signed the contract here in Tehran on Sunday, only three […]

NIOC “in Talks” to Develop 22 Oil, Gas Fields

The Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholamreza Manouchehri says his company is in talks with several upstream companies for the development of 22 oil and gas fields in Iran. Addressing a ceremony to sign a contract to develop Aban and West-Paydar oilfields by NIOC and a […]

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]

NIOC Signs Research Deals with Iranian Universities

The National Iranian Oil Company (NIOC) has signed research contracts with 5 leading Iranian universities for expanding the petroleum industry’s scientific and technological bases in discovering hydrocarbon resources. The contracts were signed this morning (Monday, March 12), by NIOC Managing Director Ali Kardor and chancellors of the universities of Shahid Beheshti, Ferdowsi of Mashhad, Kharazmi, […]

ONGC Videsh, Iran’s IDRO Oil sign accord

By John Lee. India’s ONGC Videsh has reportedly signed a cooperation agreement with Iran’s IDRO Oil (Gostaresh Iranian Oil And Gas Industries Development Company) to jointly bid for a $900-million plan to develop the Susangerd oilfield in Khuzestan province. The field, discovered in 2009, is estimated to hold more than 5 billion barrels of in-place […]

NIOC to Establish Fund to Finance Oil Projects

The Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said plans are under way to introduce project funds for financing Iran’s recovery and maintenance projects in oil industry. Addressing the 2nd International Congress and Exhibition of Oil Exploration and Production and the 5th International Congress and Exhibition of Iran’s Drilling Industry here in […]

Iran to hold Tenders for $5bn Oil Projects in 2018

The National Iranian Oil Company (NIOC) says it will hold tenders for the development of $5 billion worth of oil and gas projects in Iran during the new calendar year beginning on March 21. The NIOC managing director, Ali Kardor, said that the company has prepared the bidding documents for a package of about $5 […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

NIDC Drills 143 wells in 10 Months

The National Iranian Drilling Company (NIDC) has drilled 143 oil and gas wells over the course of the past 10 months. Sepehr Sepehri, NIDC managing director, has said that his company has drilled 222,381 meters of wells during the period, spuding development, workover, exploration and appraisal wells. He said the projects were carried out in […]

Deal to Develop Mansouri Oilfield “by early March”

The Managing director of National Iranian Oil Company (NIOC) Ali Kardor said the contract for developing Iran’s Mansouri Oilfield will be finalized by early March, adding two companies have been selected for the project. According to the Iranian Parliament’s website, Kardor said one of the two companies will form a consortium with a domestic companies […]

NIOC reviews Wintershall Oilfield Proposal

German energy company Wintershall has submitted its proposal for developing Iran’s Dehloran oilfield to the National Iranian Oil Company (NIOC), which is now studying the plan. The NIOC held a committee meeting of its advisors in reservoir management to consider the proposal on Monday, January 29, 2018. NIOC has said the German company plans to […]

Total’s Gas Deal Going Ahead

Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC)‘s gas deal with French energy giant Total is being executed on schedule and all the project’s tenders, excluding one for drilling operations, have been held. The official said all the contractors, except for one, who have signed in the tenders are domestic […]

Austrians Interested in Joint University Activities with the Iran Oil Industry

Austrian companies are keen on joining academic activities in Iran’s oil industry, a visiting delegation from Vienna said. The willingness was signaled at the 4th Iran-Austria joint energy committee held in the central city of Isfahan where the Austrian delegation voiced their country’s keenness to join university activities in oil and gas industry of Iran. […]

Gazprom Neft, OMV, Petronas Proposals for Developing Oilfield

Russia’s Gazprom Neft, Austria’s OMV and Malaysia’s Petronas companies presented their proposed development plans for Iran’s Cheshmeh Khosh oil project. The proposals were explained at the 145th committee meeting of National Iranian Oil Company (NIOC)‘s reservoir advisors in Tehran. The plans presented by OMV and Gazprom Neft are aimed at defining a production ceiling for […]

Iran Needs $4bn for Major LNG Project

Iranian Minister of Petroleum Bijan Zangeneh said Iran will need an investment of 4 billion dollars for completion of Iran LNG project. Speaking following a ceremony to sign two memoranda of understanding (MoUs) between National Iranian Oil Company (NIOC) and Russian gas giant Gazprom here in Tehran on Wednesday, Zangeneh said cooperation of Iran and […]

Iran-Russia Gas Plans Affect World Market

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the far-reaching effects of cooperation with Russia in the gas industry, saying the two countries can determine the international market situation by holding the world’s largest gas reserves. The cooperation between Iran and Russia, ranked first and second in the list of countries by gas reserves, would have […]

Austrian Company signs Study Deal with IDRO

The Industrial Development & Renovation Organization of Iran (IDRO Group) has signed a deal with Austria’s HOT Engineering for carrying out studies on Susangerd Oilfield in Iran. The group had previously signed a cooperation deal with the National Iranian Oil Company (NIOC) for developing the field. The document entails putting together a master development plan […]

Iran starts Early Production at South Yaran Oilfield

Iran has started producing 10,000 barrels per day of crude oil from the South Yarn oilfield, which it shares with Iraq. According to the Petroleum Engineering and Development Company (PEDEC), the company’s managing director Nooreddin Shahnazizadeh said 6 wells of the field have become productive, yielding 10,000 b/d of crude in the early production phase […]

Singapore Firm signs deal to Study Iran Oilfield

The National Iranian Oil Company (NIOC) and Singapore’s Berlanga signed a memorandum of understanding (MoU) for the latter to start studies on development of Iran’s Dalpari Oilfield. The deal was signed by Gholamreza Manouchehri, NIOC deputy managing director for development of engineering, and Shyngys Kulzhamov, director of Berlanga UK, in Tehran on Wednesday. West Oil […]

NIOC, Gazprom sign LNG deal

Russian gas giant Gazprom has signed a initial agreement with the National Iranian Oil Company (NIOC) for cooperation in the production of liquefied natural gas (LNG). As the official website of Gazprom announced, this would be part of a larger plan for cooperation that concentrates on the development of Iran’s gas fields “with subsequent transportation […]