National Iranian Oil Company (NIOC) News
Follow the latest News about National Iranian Oil Company
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July 07,2023Iran is targeting an investment of $250 billion in its upstream, midstream and downstream oil sectors, especially in liquefied natural gas (LNG) industry, over the next eight years. Oil Minister... -
May 28,2023Iran’s floating gas condensate inventory has reduced substantially, owing to exports and higher domestic consumption over the last two years, the oil minister said. “In 2021 when the 13th...
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May 26,2023Vast exploration operations are underway on 140,000 square kilometers to discover offshore and onshore hydrocarbon deposits, the managing director of the National Iranian Oil Company Said. “...
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May 24,2023The National Iranian Oil Company paid $80 billion in fuel subsidies in 2022, approximately twice its oil revenues in the same year. According to data from the National Iranian Oil Refining and...
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May 16,2023Sixteen exploration blocks have been unveiled by the managing director of the National Iranian Oil Company.
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May 08,2023Iran’s oil production has increased by 600,000 barrels per day in the past 20 months compared with the earlier corresponding figures and stands at 3.84 million barrels per day now, the managing...
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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...
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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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