Best Wishes for Norouz Festivities to Entire Staff of NIOC
I would like to express my appreciation to the entire devoted staff of National Iranian Oil Company (NIOC) for their hard work to make this company stand firm and solid so far.
India’s Imports from Iran Trebled in February
TEHRAN (NIOC) _ The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about three times compared to the same period last year.
Iran Perhaps Award Kish Contract to Shell
TEHRAN (NIOC) _ Iran probably initiates negotiations with global energy giant Shell over the development of Kish gas field which holds the country’s largest reservoirs of natural gas after South Pars.
Iran’s Post-Sanctions Oil Exports to EU Rise
TEHRAN (NIOC) _ Reports say Iran’s exports of crude oil to Europe surged after the EU lifted most of the trade and financial restrictions against the country in January 2016.
Total Pulling Out of Iran Project a False Rumor
TEHRAN (NIOC) _ Iran has rejected reports that France’s Total had pulled out of an initial deal to develop part of Iran’s giant South Pars gas field.
Iran Sees Oil Output Reaching 4 mln bpd by April
TEHRAN (NIOC) _ Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official said on Saturday.
Official:Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
TEHRAN (NIOC) _ Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production.
Belarus Purchases 1st Ever Iranian Oil Cargo
TEHRAN (NIOC) _ Belarus’s BelOil Polska had purchased 600,000 barrels of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February, the countrys first purchase of Iranian crude oil after the lifting of international sanctions against Tehran last year.
OPEC Data Confirm Irans Oil Output within Limits
Irans crude oil production rose by 50,200 barrels per day in January over the previous month, reaching 3.75 million bpd, OPEC said in its monthly report on Monday, citing secondary sources, Financial Tribune reported.
Iran Explored 30 bln Barrels of Oil
TEHRAN (NIOC) _ Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) stated.