Director of National Iranian Oil Company (NIOC) Exploration Department, Saleh Hendi, says the company has it on the agenda to drill eight new exploratory wells in the current Iranian calendar year (ends on March 20, 2021). As ILNA reported, six of the mentioned wells are going to be drilled in the onshore exploration sites while…
Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016. The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to…
National Iranian Oil Company (NIOC) announced that negotiations with Denmark‘s Maersk Group over the development of South Pars oil production project is underway. “Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported. Pointing to…
Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China’s CNPC International and Petropars in Tehran on Monday,…
Oil Minister Zanganeh said negotiations with the Danish business conglomerate, Maersk Group, were being pursued over development of South Pars Oil Layer (SPOL). Bijan Zangaeh, while pointing to continuation of talks with Maersk Group, voiced optimism that final agreements will be reached in near future. “What’s more, Pars Oil and Gas Company Ltd. has been…
A senior Oil Ministry official said Iran is boosting oil production by 90,000 barrel per day in line with last year’s OPEC agreement. “We are increasing our oil output which will reach the designated production level,” Gholamreza Manouchehri, National Iranian Oil Company’s (NIOC) deputy head for engineering and development affairs told IRNA. On November 30,…
Iran ‘s NIOC deputy head, while disavowing claims on disqualification of Russian oil giants, said the Iranian company will soon publish a second list of authorized applicants for investment. Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri said “a list recently published by National Iranian Oil Company was relevant to applicants from…
A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian…
The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC). PNOC plans to construct a 400-barrel-capacity oil refinery in the country and has it on agenda to supply the refinery’s feedstock cooperating with…
Japan‘s Inpex Corp. has initiated intense negotiations with National Iranian Oil Company (NIOC) to develop Azadegan oilfield in southwestern Iran and is a strong candidate for the contract, said a high-ranking Iranian official. Managing Director of Iran‘s Petroleum Engineering and Development Company Noureddin Shahnazizadeh said that Inpex signed a memorandum of understanding on the project…
