Tuesday 30 August 2016
 
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NIOC

Iran to sign oil contracts based on new model

National Iranian Oil Company (NIOC) will sign two or three contracts based on the new model by March next year, the company’ deputy managing director said. Gholamreza Manouchehri added that he expected amendments to the new

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Joint oilfields ‘top priority for NIOC’

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

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Iran names new chief for oil company

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. Kardor r

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BP eyes investment in Iran oilfields

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

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Iran signs oil sales deal with Sinopec

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

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Iran, India may sign Farzad gas deal by March 2017

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

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Oil traders in barter deals with Iran

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

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Iran's condensate exports to nearly double by 2017

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.

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Shell eyes Iran, to pay debt when sanctions end

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.

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Iran's NIOC to raise output from all oilfields

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

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