National Iranian Oil Company (NIOC) News
Follow the latest News about National Iranian Oil Company
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January 29,2023In lines with policies to fight against air pollution, the Oil Ministry has allocated close to $20 billion not only to boost the quality of its refined products but also to collect associated... -
January 07,2023Refining companies should be obliged to enhance the quality of their substandard products, namely gasoline, diesel and mazut, the head of the Board of Directors at the Iranian Oil, Gas and...
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December 14,2022Iran’s natural gas output capacity will increase by at least 50% to reach 1.5 billion cubic meters per day by 2030, the managing director of the National Iranian Oil Company said. “In addition to...
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November 26,2022Iran's annual gasoline demand has increased to a massive 1 billion liters, as 1 million-plus gas guzzlers are added to the already saturated domestic market per year, director of the National...
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October 24,2022The National Iranian Oil Company will draw up contracts worth $500 million with knowledge-based firms to revive abandoned oil and gas wells, the oil minister said. “Some 54 startups have expressed...
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May 23,2022By using cutting-edge technologies of startups, it is possible to enhance oil and gas output capacity from hydrocarbon reserves in abandoned wells, the head of the Oil Industry Technology and...
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May 20,2022The National Iranian Oil Company has received over 80% of its crude export revenues in the fiscal 2021-22 and the rest has been bartered for medicine and essential goods, the oil minister said. “...
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May 17,2022The National Iranian Oil Company and the Oil Turbo Compressor Company (OTC) will soon sign a contract for manufacturing 14 turbo compressors, which will help save $2.2 billion annually, the head of...
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April 29,2022The National Iranian Oil Company is ready to conclude agreements worth $700 million with knowledge-based companies to enhance the production of 750 oil and gas wells across the country, managing...
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April 25,2022The National Iranian Oil Company’s gasoline exports revenues decreased by 75% in 2021 compared to a year ago. The state-owned firm earned close to $3 billion in revenues by selling the fuel to...
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January 10,2022The National Iranian Oil Company has substantially reduced its growing gas condensate stockpiles in recent months not only through exports but also due to higher local consumption, managing...
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December 11,2021Due to the high increase in diesel consumption in thermal power plants over the last few weeks, the National Iranian Oil Company has limited selling diesel on the Iran Energy Exchange, the company’...
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November 28,2021The National Iranian Oil Company plans to increase oil and gas production in the next decade, the managing director of NIOC said. “In case all the requirements of the plans are provided, in the...
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November 14,2021Iran will invest around $11 billion on its offshore gas fields to raise gas production by 240 million cubic meters per day, managing director of the National Iranian Oil Company said. “The...
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September 24,2021Oil Minister Javad Owji appointed Mohsen Khojastemehr as the managing director of the National Iranian Oil Company on Thursday.
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September 22,2021The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years. Oil Minister Javad Owji made the statement...
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August 22,2021The National Iranian Oil Company’s crude production has experienced a 37% increase in the first five months of the current fiscal year (March 21-Aug. 20) compared with the corresponding period of...
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January 11,2021The National Iranian South Oil Company, the Iranian Offshore Oil Company and Iran Central Oil Fields Company -- all subsidiaries of the National Iranian Oil Company – signed contracts with domestic...
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August 17,2020The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on...
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August 14,2020The National Iranian Oil Company plans to offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via Iran Energy Exchange. As per a notice published on the codal.ir-- an...
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July 11,2020National Iranian Oil Company has signed a contract with Persia Oil and Gas Industry Development Company to develop Yaran joint oilfield in Khuzestan Province.
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February 16,2020Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s...
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January 06,2020Following two rounds of sea delivery of oil products offered on the Iran Energy Exchange, the National Iranian Oil Company has said that it wants to expand such offers. According to Amirhossein...
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October 15,2019The National Iranian Oil Company raised $700 million in revenues by selling oil and petroleum byproducts in the capital market in the past eight months, the managing director of the company said...
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August 23,2019National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize drilling...
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