SHANA -- The CEO of the National Iranian Oil Company said: "Including the first 9 contracts of the research study plan to enhance oil recovery from oil and gas fields that was previously signed and 13 contracts that were signed in this regard today, a total of 20 oil and 2 gas field technological studies have been awarded to universities and research ...

SHANA -- The National Iranian Oil Company (NIOC) ranked first among the world's largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves. Seyed Saleh Hindi, Director of Exploration of the National Iranian Oil Company, stated in a letter to Massoud Karbasian,...

SHANA The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the countrys fields. Addressing a ceremony to sign 13 oil contracts with local companies in order to enhance and maintain productivity of oil fields on Monday, Masoud Karbasian said,...

SHANA The CEO of the National Iranian Oil Company (NIOC) said developing Yaran joint oilfield would generate 2 billion dollars in revenue for Iran. Addressing a ceremony to sign a contract by the National Iranian Oil Company (NIOC) and Persia Oil and Gas Industry Development Company in Tehran on Saturday, Massoud Karbasian said the deal was the ...

IRNA - Managing Director of National Iranian Oil Company (NIOC) said that there are currently 18 exploration and production (E&P) firms in Iran that the figure may increase in the review. Massoud Karbassian today on Saturday at the signing ceremony of the contract to improve the recycling, increase production and utilization of the Parsi and ...

SHANA The Atlas of Iran's oil and gas fields which were explored after the 1979 Islamic Revolution was unveiled by the National Iranian Oil Company (NIOC)'s exploration department. A ceremony was held on Monday in Tehran to disclose details about a newly discovered oil reservoir in the southwestern province of Khuzestan in the presence of the Iranian ...

SHANA -- The CEO of the National Iranian Oil Company (NIOC) said the company was to sign 9 contracts with domestic companies for oil production enhancement and maintenance projects. Addressing a ceremony to sign several contracts between the Petroleum Engineering and Development Company (PEDEC), an NIOC subsidiary, and local firms for building electro-...

SHANA - The National Iranian Oil Company (NIOC) will start offering Rls. 20,000 billion worth of fixed rate bonds (Manfaat Bonds) on Wednesday, March 13, 2019, in order to provide financing for projects aimed at production enhancement and maintenance of oil fields. The CEO of NIOC said the bonds would be offered at Fara Bourse, an over-the-counter ...

Tasnim The CEO of the National Iranian Oil Company (NIOC) said the talks with the Indian side on the development of Farzad B gas field in the Persian Gulf waters are in progress. Speaking to the Tasnim News Agency, Massoud Karbasian said the development of the Farzad B offshore gas field has been the NIOCs priority. The negotiations with the ...

SHANA -- The CEO of the National Iranian Oil Company (NIOC) said the company would start issuing Rls. 10 billion of fixed-rate (Manfaat) bonds on February 2 with the aim of financing oil projects. The bonds are being issued for providing the required finances for developing NIOCs oil production maintenance and enhancement projects. The bonds ...

SHANA - Masoud Karbasian, CEO of the National Iranian Oil Company (NIOC), issued separate decrees appointing heads of the National Iranian South Oil Company (NISOC), National Iranian Drilling Company (NIDC) and Arvandan Oil and Gas Company. According to NIOC, Masoud Karbasian, who is also Deputy Petroleum Minister, in separate decrees, appointed ...

SHANA -- The newly-appointed CEO of the National Iranian Oil Company (NIOC) said the companys chief agenda was implementation of the policies of the Iranian ministry of petroleum and the Islamic establishment to counter oil embargoes on the country. According to NIOC, Masoud Karbasian said serious attention to the issue of sanctions, and review ...

SHANA -- Iranian Minister of Petroleum Bijan Zangeneh appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC) on Sunday. Earlier today, the official had issued a decree appointing Mr. Karbasian as a member of the companys board of directors of four years. Masoud Karbasian is an Iranian economist who was minister of ...

MNA Iranian president Hassan Rouhani has appointed Seyyed Rahmatollah Akrami as Acting Minister of Economic Affairs and Finance. On Monday afternoon,Iranian president Hassan Rouhani appointed Seyyed Rahmatollah Akrami as Acting Minister of Economic Affairs and Finance, according to the official website of Iran's presidency 'preisdent....

Tasnim Iranian parliamentarians on Sunday gave a vote of no confidence to Minister of Economic Affairs and Finance Massoud Karbasian, terminating the much-criticized ministers term that had begun in August 2017. Karbasian attended an open session of the Parliament on Sunday and took the podium to answer the questions of a number of lawmakers complaining ...

Tasnim Iranian Minister of Economic Affairs and Finance Massoud Karbasian appeared in the Parliament on Sunday, for an impeachment inquiry in the wake of skyrocketing prices in the country and devaluation of the local currency. Karbasian attended an open session of the Parliament on Sunday and took the podium to answer the questions of a number of ...

Iran Front Page - IFP has taken a look at the front pages of Iranian newspapers on Monday, August 20, 2018, and picked headlines from 17 of them. IFP has simply translated the headlines and does not vouch for their accuracy. Iranian papers today widely covered Foreign Minister Mohammad Javad Zarifs comments about the need for Europe to speed ...

IRNA President Hassan Rouhani on Sunday defended Finance Ministrys performance, saying that under the current conditions, its function is positive and acceptable. Rouhani made the remarks after Majlis decided to impeach Finance Minister Masoud Karbasian over the countrys economic woes. He hoped that the ministers explanations will help remove ...

MNA In Sundays open session of the Parliament, the letter signed by 33 MPs requesting for impeachment of Minister of Economy was delivered to the presiding board. According to the Article 225 of the Parliament regulations, Minister of Economy Masoud Karbasian, is duty bound to attend the Parliament within 10 days in order to respond to the questions ...

IRNA Iran's economy minister said on Friday that the country can respond to the challenge of the US unilateral sanctions. Surely, Iran can fight off the challenge of sanctions by regulating the government's financial behavior, resisting the excessive demands and taking decisive action against corruption, Iranian Minister of Economic Affairs and Finance ...