National Iranian Oil Company (NIOC) News

The best way to augment the oil industry is to establish good rapport with the international community, says a senior oil official.

Ali Kardor, deputy oil minister and chief executive…

The National Iranian Oil Company still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger told a meeting of shareholders on Wednesday.

The National Iranian Oil Company has received oilfield development proposals from international companies that together target a 3-million-barrel increase in daily crude oil production capacity,…

The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief…

Tehran will refocus on tenders prepared for oil and gas field development projects after the presidential election on May 19, said Ali Kardor, chief executive officer of the National Iranian Oil…

The National Iranian Oil Company has approved a roadmap to expand exploration and production in five oil and gas blocks in line with efforts to raise crude and natural gas output.

The plan…

The National Iranian Oil Company is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said.

"…

The National Iranian Oil Company and French energy giant Total S.A. are poised to finalize a major gas deal in the next few days, defying US President Donald Trump's antics against Tehran which…

Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.

"Production of natural gas, condensates and gas derivatives stands at 4.5 million barrels of…

The National Iranian Oil Company sold the first cargo of crude oil to Italy's oil giant Eni after the removal of sanctions in January, director for international affairs at NIOC said on Monday.

Iran will receive its blocked revenues from gas sales at the Rhum gas field in the North Sea "within a few weeks", Deputy Oil Minister Amirhossein Zamaninia said.

Iran has sold its first cargo of gas condensate and crude oil to British companies, director for international affairs at the National Iranian Oil Company said on Monday.

"A cargo of one…

BP has released Iran's share of revenues from past gas sales at the Rhum Gas Field in the North Sea to a National Iranian Oil Company bank account in the UK, managing director of NIOC said,…

Iran’s drilling industry, which was restrained by western sanctions, intends to return to the international arena by undertaking projects in the Middle East and the Central Asia.

The National Iranian Drilling Company will start operation in the North Sea in the near future, the company's managing director said.

Deputy Oil Minister Amir-Hossein Zamaninia said Britain is ready to pay Iran's blocked revenues from gas sales at the Rhum gas field in the North Sea after the lifting of sanctions.

BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday…