National Iranian Oil Company Company News

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National Iranian Oil Co, Thailand's PTTEP Agree To Oilfield Studies
Tuesday, December 06, 2016National Iranian Oil Company (NIOC) and PTT Exploration and Production Public Company Limited (PTTEP) sign a memorandum of understanding to carry out preliminary studies of 3 oil fields in Iran.

Britain Pushing to Ease Sanctions on BP Gas Field - Report
Sunday, September 22, 2013Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from a North Sea field jointly owned by BP and the National Iranian Oil Company.

On the Table: Iran to Tender 8 Exploration Blocks
Tuesday, March 02, 2010According to Mahmoud Mohaddes, exploration chief at National Iranian Oil Company, Iran will soon hold tenders for eight oil and gas blocks.

CNPC Gears Up for South Pars Phase 11
Wednesday, February 10, 2010According to Reuters, China's CNPC has finalized an agreement to participate in the development of the South Pars gas project.

India Finalizes Farsi Gas Block Development Plan with Iran
Thursday, December 03, 2009The Indian government is in the process of finalizing the master development plan with National Iranian Oil Co. for the Farzad-B gas field, according to junior petroleum minister Jitin Prasada.

Iran Offers India 40% Stake in South Pars
Tuesday, December 01, 2009National Iranian Oil Co. has offered India a 40% interest in phase 12 of the South Pars gas field and 6 million metric tons of liquefied natural gas a year.

StatoilHydro Halts Investments in Iran in Current Climate
Friday, October 30, 2009StatoilHydro Friday said it has no plans to make any fresh investment in Iran, and confirmed its obligations at the Khorramabad block there have ended.

Iran Oil Co Invests in New Phases at South Pars
Monday, October 26, 2009An Iranian oil official says the development contract of phases 27 and 28 of South Pars gas field, located in the Persian Gulf in southern Iran, will be signed soon.

Total Interested in Continuing Pars LNG Project
Monday, October 12, 2009Total has resumed contacts to enter the Pars liquefied-natural-gas export scheme in Iran, despite rising tensions between the West and the Islamic Republic.

Iran, China Sign Major Deal to Develop South Azadegan
Tuesday, September 29, 2009CNPC has signed a contract with National Iranian Oil Company for the development of Iran's South Azadegan oil field.

Analysis: COSL Aims to Go Global
Monday, September 28, 2009COSL was once constrained to the waters offshore China, but since its purchase of Awilco Offshore, the company is on its way to becoming a leading worldwide offshore rig provider.

Iran, Petronas in Talks for Caspian Exploration
Tuesday, July 28, 2009Iran will soon commence exploration activities in block 6 of the Caspian Sea and is reportedly in talks with Malaysia's Petronas to contract seismic operations.

Iran Touts Caspian Exploration Success
Thursday, July 23, 2009Iran is set to further its exploration successes within the Caspian Sea with 46 confirmed oil finds and an officially inaugurated semisubmersible drilling rig.

Iran Finds Sizeable Gas Reserves Off Hormozgan Coasts
Tuesday, June 23, 2009Huge natural gas deposits have been discovered in Hormozgan province, off the Persian Gulf coast, with a probable output tantamount to ten phases of the South Pars gas field.

Iran, China Implement Oilfield Development Plan at North Azadegan
Monday, June 08, 2009The North Azadegan oilfield's development contract will take effect next month and executive operations will start in the near future.

Iran, China Ink Deal on Phase 11 for South Pars Gas Project
Wednesday, June 03, 2009A $5 billion deal on the development of South Pars gas field phase 11 was signed by Iran and China in Beijing on Wednesday.

Iran to Sign $1.5B Oil Deal with Eni for Darkhovin Devt
Wednesday, May 20, 2009Iran is to sign a $1.5 billion deal with Italian energy firm Eni for the development of the third phase of Iran's Darkhovin oil field.

Iran President to Inaugurate 4 National Oil Projects Soon
Tuesday, May 05, 2009Iran's Petroleum Minister Gholamhoseyn Nowzari said Monday that President Mahmud Ahmadinezhad will inaugurate four national oil projects within the next weeks.

Iran to Inagurate New Rig to Explore for More Caspian Oil
Monday, May 04, 2009Iran plans to launch a domestically-built 14,000 ton offshore platform in its territorial waters of the Caspian Sea to increase its oil output.

Total CEO Denies 'Sealed Deal' with Iran for South Pars Devt
Monday, February 23, 2009Total's Chief Executive Officer has denied that the French oil giant and Iran are signing a deal before the end of March for the next phase of development at the massive South Pars gas field.

South Pars Phases 6, 7, & 8 Nearing Completion
Wednesday, February 04, 2009The last platform in the 6, 7 and 8 Phase of development on the South Pars field has been loaded out and should be installed by mid-February.

10MM Bbl Oil Discovered in Iran's Masjed Soleiman Field
Monday, December 29, 2008Iran has discovered roughly 10 million barrels of crude oil in the 100-year-old Masjed Soleiman oil field in the southern province of Khuzestan using new technologies.

CNOOC, NIOC Agree on Development Plan for Iran N Pars Gas Field
Wednesday, November 12, 2008National Iranian Oil Co. has finalized a development plan for Iran's huge North Pars gas field with CNOOC and is now negotiating the price of the gas.

Iran in Talks with China's CNPC over Stake in LNG Project
Thursday, October 09, 2008CNPC is in talks with Iran to take a 25% stake in a major liquified natural gas project in the Islamic republic at the expense of France's Total S.A., a senior Iranian energy official said.

OPEC: US $700B Bailout Expected to Boost Crude Demand
Monday, September 29, 2008Iran's Organization of Petroleum Exporting Countries governor Monday said a $700 billion U.S. bailout of the financial sector is expected to affect crude oil demand "positively."

Crude Below $100/Barrel May Affect International Upstream Investments
Wednesday, September 24, 2008Oil prices below $100 a barrel would make international upstream investments less attractive and lead to a decline in oil revenue that could reduce Iran's investment in the oil industry, a top Iranian official said Wednesday.

Iran Announces 3.7B Barrel Oil Discovery in Four Fields
Monday, August 11, 2008Iran has discovered four new oil and gas fields holding about 3.7 billion barrels of oil and 1.5 million cubic meters of gas, the country's oil ministry's Web site, or Shana, reported Saturday.

Iran NIOC Official: Oil Prices May Go Even Higher
Friday, June 27, 2008"It looks like the pace of production in oil-producing countries cannot keep up with the pace of demand increases," an executive at National Iranian Oil Co. said. "Everyone is worried about the shortage to come."

India Granted Iranian Approval for Oil, Gas Stakes
Monday, April 28, 2008Hinduja Group and ONGC Videsh have been granted Iranian approval for a 45% interest in the Azadegan oil field and a 60% interest in Phase 12 of the South Pars gas field.

Iran: If Total Won't Seal South Pars Deal, Other Companies Will
Wednesday, April 23, 2008"We can't deprive the country from development opportunities, thus the deadline granted to Total won't be extended, and we can't wait more than we did so far," said Vakili.

National Iranian Oil Makes Gas Discovery of 985 Bcf
Friday, April 18, 2008The in-place gas find was located at a drilling depth of 4,380 meters and contains an estimated 985 Bcf. Mohaddes said 739 Bcf of that amount is "producible."

Iran in Talks to List Holding Company to Entice Investors
Monday, March 17, 2008Iran is reported to be considering the listing of a $90 billion energy holding company that would create the opportunity for investments in the oil and gas industry of the Middle East country.

U.S. To See If CNOOC-Iran Deal Violates Sanctions
Wednesday, February 27, 2008The U.S. State and Treasury departments will look into whether a $16 billion gas deal that China's national oil company reportedly has signed with Iran violates U.S. sanctions law.

PGNiG, Iran Sign Preliminary Gas Deal
Monday, February 11, 2008The deal would contribute to Poland's plan to diversify its imported gas supply, limiting its dependence on Russian gas.

National Iranian Oil Company Looking for Bids to Convert the Alvand
Monday, February 20, 2006Iranian Offshore Oil Company (IOOC) intends to call for bids for general refurbishment of the Alvand drilling rig and convert the rig to a supporting barge for workover operation.

Lukoil Given Approval to Participate in Anaran Block in Iran
Monday, September 29, 2003The National Iran Oil Company has approved the participation of Lukoil Overseas in the Anaran prospect onshore Iran.

Iran Says Reserves on 8 Blocks in Caspian Sea Considerable
Wednesday, August 27, 2003The National Iranian Oil Company says there are considerable oil and gas reserves in eight out of 46 blocks in the Caspian Sea.