POGC Begins Drilling 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) has begun a project to drill 35 new wells in the South Pars gas field to increase and maintain gas production from the combined giant field. According to POGC, the operation was officially launched on Tuesday at a ceremony attended by the head of …
Oil Production in Iran Has Increased By 60% in Two Years
The chief executive of the National Iranian Oil Company (NIOC) said the country’s crude oil production has increased by 60 percent under President Ibrahim Raisi’s administration. Mohsen Khojastemehr said that according to statistics from the Central Bank of Iran (CBI), the oil and gas sector has the lion’s share in …
The Platform of the 11th Phase of the South Pars Field was Installed in Iran
The Phase 11 platform of the Iranian South Pars gas field was successfully installed in the Persian Gulf on Wednesday morning thanks to the efforts of experts from the National Iranian Oil Company. The installation of the Phase 11 platform, which with the Oceanic vessel reached the very border area …
Gazprom and NIOC Sign Memorandum of Understanding for Strategic Cooperation
During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed today in Tehran by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Mohsen Khojastehmehr, CEO of National Iranian Oil Company. The document envisages the analysis of cooperation prospects, inter alia, in the following areas: development of Iranian …
Iran Finds New Oilfield with 53 Billion Barrels of Crude
Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday. “Workers and the exploration arm of the National Iranian Oil Company …have found an oilfield with 53 billion barrels of …
Iran National Oil Company Rejects Rumors of Rosneft Leaving
The National Iranian Oil Company (NIOC) announced that no contract has been signed between Iran oil industry and Russian oil company Rosneft , therefore the rumors of Rosneft quitting the Iran oil industry has no justification, NIOC said in a statement, Trend reports via IRNA. Russian business daily “Vedomosti” recently …
Rosneft and National Iranian Oil Company Sign Oil and Gas Strategic Cooperation Agreement
During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas”. This document confirms the parties high level of interest in …
Gazprom and National Iranian Oil Company Sign Memorandum of Understanding
Gazprom and National Iranian Oil Company signed a Memorandum of Understanding in Moscow today. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Hassan Rouhani, President of the Islamic Republic of Iran. In accordance with the document, the parties will examine the avenues for cooperation in the field of hydrocarbon prospecting, exploration and …