A top Senate Democrat and Republican on Monday unveiled a bill to impose extensive new economic sanctions on the Islamic Republic of Iran over its nuclear activities. The U.S. Senate Banking Committee released details of its 61-page bipartisan bill late on Monday and senators will consider the measures and vote on them at a hearing on Thursday....

Irans state run oil company the NIOC says it will be able to immediately double its crude exports if problems facing the country at the international level are solved. CEO of the National Iranian Oil Company Mohsen Khopjasteh Mehr said on Saturday that the company has created the capacity to raise oil exports after it managed to return to output ...

An Iranian legislative official says the government is mulling to change the formula used to calculate the share of the National Iranian Oil Company (NIOC) from the countrys sale of crude, saying the move is meant to address concerns regarding the oil majors growing debts. Mohammad Hosseini, a former parliament lawmaker and a current advisor to ...

IRNA - National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil giants in the world. Managing director of National Iranian Oil Company for explorations affairs Saleh Hendi said that based on 'Wood Mackenzie' reports with regard to exploration of hydrocarbon resources in the world ...

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 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15. According to the National Iranian Oil Company (NIOC), the announcement of the headquarters of the International Exhibition of Iranian Oil states: The event will be held from 12 to 15 October, 2020. Based on the decisions taken ...

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 ...

SHANA -- The National Iranian Oil Company (NIOC) has signed a contract with Persia Oil and Gas Industry Development Company (POGIDC) for the development of Yaran joint oilfield. The document was signed on Saturday morning in a ceremony held in Tehran in the presence of Iranian Minister of Petroleum Bijan Zangeneh, the CEO of the Petroleum Engineering ...

SHANA -- The load-out of Platform 11Bs jacket in the massive offshore South Pars gas field started on April 30 for final installation along Iran-Qatar border. That marks the beginning of development of Phase 11 of South Pars by Irans Petropars. Hamid-Reza Masoudi, CEO of Petropars, had earlier said that recovery from SP11 would begin in ...

SHANA -- Irans gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field. Development of gas industry is racing ahead in both upstream and downstream sectors. Irans gas industry train has been overcoming all restrictions in order to reach the final ...

SHANA -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil. Thanks to existing technologies, it would be possible to raise ...

SHANA Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony attended by Iranian Minister of Petroleum Bijan Zangeneh. A ceremony was held on Tuesday to unveil the Iranian-made structure in the presence of ACECR President Hamid Reza Tayebi, National Iranian Oil Company (NIOC) ...

SHANA -- The Iranian-made toothed drilling bit has entered mass production phase. According to the National Iranian Oil Company (NIOC), a toothed drilling bit was unveiled and entered mass production in a ceremony held on Tuesday in the presence of Iranian Minister of Petroleum Bijan Zangeneh. The capability to manufacture such drilling bits ...

SHANA -- The operation of loading two platforms belonging to Phase 13 of the South Pars gas field ended on Monday at the yard of Iran Marine Industrial Company (SADRA). According to the National Iranian Oil Company (NIOC), Payam Motamed, operator of Phase 13 of South Pars Development Project, said the progress of the construction of 13A Main Platform ...

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 ...

Press TV - Iran may approve plans for early production of oil from a major hydrocarbon reserve in the Caspian Sea, a first for a country where crude has been pumped for more than a century from wells located in the southeast and offshore in the Persian Gulf. A contractor operating exploration and drilling activities in the Iranian waters in the ...

SHANA -- National Iranian Oil Company (NIOC) says the development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident. Speaking to Shana, Karim Zubeidi, NIOCs director for integrated planning, said developing joint oil and gas fields in western Iran were ongoing and ...

SHANA Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to enhance oil recovery factor of the Azadegan joint oilfield in the near future. Speaking to reporters on Saturday evening following a meeting with professors of the universities which have signed deals with the National Iranian Oil Company (NIOC) for carrying ...

Press TV - The National Iranian Oil Company (NIOC) expects to announce the discovery of a new oil field in Khuzestan province before the end of the current Persian year in March 2020, a NIOC official says. It would be the second major oil field after NIOC announced the discovery of Namavaran oil field last month. Based on researches and reports,...