Development of joint oil and gas fields is a top priority of National Iranian Oil Company (NIOC), Ali Kardour, the company's newly appointed managing director was quoted as saying by Iran Daily.
Completion of South Pa
Iran has appointed Ali Kardor to lead the state oil company, promoting him from the role of finance director as the country boosts crude output and seeks more than $100 billion in investment to revive its energy industry.
British-based oil and gas company BP is keen to invest in the development of certain Iranian oil fields, Iran Daily has quoted the country’s deputy oil minister as saying.
Negotiations are underway with BP for coope
National Iranian Oil Company (NIOC) has signed a new crude and condensate sales agreement with Sinopec of China, a report said.
"Oil sales to Chinese firms was not halted even during the years of sanctions and negotiations ar
Iran and India are likely finalize a deal on the development of Farzad B gas field mid-March 2017, a report said.
The decision on finalisation is dependent on developers reaching a consensus on technical and commercial terms, Rokn
Global oil traders have entered into rare barter deals with the National Iranian Oil Company (NIOC), supplying Iran with much-needed gasoline in exchange for high-quality fuel oil, after most economic sanctions against Tehran were lifted in Ja
Iran's condensate surplus available for exports is expected to hit a maximum of 600,000 barrels per day (bpd) in 2017, nearly double the current level, an official at a subsidiary of state-owned National Iranian Oil Company (NIOC) said.
Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said.
The National Iranian Oil Company (NIOC) is set to increase production from all oilfields this year and can reach its pre-sanctions output capacity of 4 million barrels per day if there is sufficient market demand, a top Iranian oil official told
United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran.
The tribunal ruled