SHANA -- The Iranian Offshore Oil Company (IOOC) CEO said that his company had already outsourced 60 percent of its operations to the private sector and would welcome their partnership in future projects. Addressing press conference on the sidelines of the 24th Iran Oil Show, Hamid Bovard said his company enjoyed the largest offshore fleet in Iran ...

Bloomberg - Irans oil production hasnt seen any reduction and the country just loaded crude for export, said Hamid Bovard, the head of the Iranian Offshore Oil Co. It loaded the latest batch of crude from its offshore fields for export three days ago, Bovard said at a press conference, without elaborating on the volume or the destination. Exports ...

SHANA Iranian President Hassan Rouhani officially inaugurated the gas processing complex of Hengam Joint Oilfield. The plant can process 80 mcm/day of natural gas which was previously flared. Iranian contractors, manufacturers and advisors developed the complex whose return on investment will be less than a year. The project generates $700,...

SHANA The managing director of Iranian Offshore Oil Company, Hamid Bovard, says the gas processing complex of Hengam Oilfield will save Iran over 300 million dollars annually, once fully operational. The daily cost-saving of the project will be more than $700,000 per day, he said. Addressing the opening ceremony of the gas processing complex,...

SHANA The Iranian Offshore Oil Company (IOOC) will launch the gas processing facilities of Hengam joint gas field soon, IOOC managing director said. According to the company, Hamid Bovard, the IOOC managing director, said the plant is being launched in line with the Economic Resilience policies of the Islamic Republic of Iran with the aim of preserving ...

SHANA - The managing director of Iranian Offshore Oil Company (IOOC) says an Iranian consortium has been awarded the development of Khark Island's natural gas liquids (NGL) project. Hamid Bovard said Ghadir Investment Company and the SAFF Group has formed a consortium for development of the project. Addressing a press conference on the sidelines ...

Financial Tribune - The Iranian Offshore Oil Company (IOOC) is taking measures to increase production from oilfields in the Persian Gulf whose output took a hit when international sanctions were in place, Hamid Bovard, the company's chief executive officer, said. Domestic oil producers, including the IOOC, were forced to scale back crude oil output ...

  SHANA- Managing Director of the Iranian Offshore Oil Company (IOOC) Hamid Bovard says his company plans an increase in oil production in the next year.   "Some 30,000 to 60,000 barrels increase in daily production is on agenda," Bovard told Shana. He said development activities in certain fields like Salman and Foruzan are progressing ...

TEHRAN (FNA)- Managing Director of the National Iranian South Oil Company (NISOC) Hamid Bovard underlined that foreign investors are welcomed to partnership in the country's oil and gas projects. "NISOC has already started negotiations with the European companies and some investment projects have been prepared to deliver to them," he noted. He ...

Daily look at Irans late-breaking news and upcoming events:   Iran to resume 20% enrichment if sextet doesnt accept 190,000 SWUs A senior Iranian lawmaker said if the G5+1 (five permanent members of the United Nations Security Council plus Germany) does not accept Irans need to provide 190,000 Separative Work Units (SWUs), Tehran would immediately ...

Tehran, July 10, IRNA Grounds are prepared for presence of foreign investors in Iran?s oil and Gas projects, Managing-Director of National Iranian South Oil Company (NISOC) Hamid Bovard said Wednesday evening. NISOC has already started negotiations with the European companies and some investment projects have been prepared to deliver to them, he ...

TEHRAN July 1 (Shana)--Tehran July 1 (Shana) National Iranian South Oilfields Company (NISOC) is seeking to increase oil production to more than 3 million barrels per day (bpd), said NISOC Managing Director Hamid Bovard. The companys plans to boost production are in line with Petroleum Ministrys policies, Bovard said, adding that the necessary preparations ...

TEHRAN June 17 (Shana)--National Iranian South Oil Company (NISOC) has 19 major gas gathering projects under way, the companys chief said. In line with environmental and recovery enhancement objectives, 19 associated gas gathering projects are under way by this company, Hamid Bovard said. He added that the projects, which cost more than 10 trillion ...