Press TV- A senior official expects Iran to sign its first contract under a new formula within a month, marking a turning point in months of anticipation asthe country reopens its oil and gas sector to business. Iran has named 29 international firms as being eligible to bid for oil and gas projects but they have been waiting for the country to ...

Shana Iran is in possession of nearly 7% of the world's oil rigs, a senior Iranian oil official said. Roknoddin Javadi, deputy petroleum minister for supervision over hydrocarbon reserves, told an international drilling congress on Saturday that 7% of the world's drilling rigs are currently operating in Iran's oil and gas industry. He said the ...

Daily look at Irans late-breaking news and upcoming events:   Iran, India, Afghanistan sign Chabahar agreement Iran, India and Afghanistan sign a key trilateral agreement to develop the southern Iranian port of Chabahar in the Gulf of Oman.   Ayatollah Khamenei says Iran defiance behind US enmity Leader of the Islamic Revolution Ayatollah ...

An Iranian deputy minister says the country will soon resume oil sales to Italys state energy producer Eni. The National Iranian Oil Company (NIOC) has already signed an oil exports contract with Italian refinery Saras, Deputy Minister of Petroleum Rokneddin Javadi said on Saturday. Saras is currently buying 30,000-35,000 barrels per day ...

TEHRAN, May 07 (Shana) A senior Iranian oil official says self-sufficiency of petroleum industry is fast-growing in the country in Iran. Speaking on the sidelines of the 21st Iran International Exhibition of Oil, Gas, Refining and Petrochemicals, Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi said implementation of the ...

Iran's new oil industry investment contract for international oil firms will be ready by July, a senior Oil Ministry official was quoted as saying on Thursday by Iranian state TV. "The new contracts will be ready in June, July ... We welcome investors from all countries," Deputy Oil Minister Rokneddin Javadi said. Some 135 companies including ...

BPseeks to transfer technology after lifting of sanctions, according to Iranian official LONDONBritish oil giantBPwill open an office inIranthis summer, according to Rokneddin Javadi, chairman of the National Iranian Oil Company. Quoted on the state-owned oil news service Shana, Mr. Javadi saidBPis looking to transfer technology and capital toIran....

TEHRAN, May 04 (Shana) - A senior Iranian energy official called for hastening banking and insurance relations between Iran and Germany, saying, "Germans hope to resolve an issue with insurance ceiling for Iranian projects to offer up to 5.5b in insurance coverage of projects in Iran." Speaking with Shana, Roknoddin Javadi, managing director of ...

TEHRAN, April 19 (Shana) -Iran and India will most likely finalize a deal on development of Farzad B gas field by the end of the current Iranian calendar year to March 20 2017, a senior Iranian petroleum official said. Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi said the deal will be signed by the end of the current ...

TEHRAN, March 14 (Shana) -- National Iranian Oil Company (NIOC)'s chief said the company will issue 50 trillion rials (about $1.454 billion) in bonds before the end of the current Iranian calendar year to March 19) to finance some oil and gas projects in the country. The companys Managing Director Rokneddin Javadi said of the 50 trillion rials worth ...

TEHRAN, March 9 (Shana) Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day. Speaking at a company meeting on Wednesday, he said that post-sanctions development will be the main item on the oil industrys agenda during the Fifth Five-Year Economic ...

TEHRAN, March 5 (Shana) Managing Director of the National Iranian Oil Company (NIOC) assigned Majid Hedayatzadeh as his deputy for international affairs. In the assignment decree, Rokneddin Javadi said that based on the new organizational chart of the NIOC, Hedayatzadeh will be responsible for managing the operation of the company overseas. NIOCs ...

TEHRAN, Feb. 29 (Shana) Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said sustainable implementation of the nuclear Joint Comprehensive Plan of Action (JCPOA) will result in the reduction of development costs in the countrys oil industry. The annual 25 billion dollars spent on the NIOCs development projects is too ...

TEHRAN, Feb. 27 (Shana) Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said swapping Azerbaijans oil is on the agenda of the company. In the MoU recently signed between NIOC and the State Oil Company of Azerbaijan Republic (SOCAR), the two countries agreed to swap Azerbaijans oil across Irans territory, he told Shana....

TEHRAN, Feb. 23 (Shana) Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi foresees that Iran will be able to sign 10 to 15 billion dollars of the new petroleum contacts by next year. Signing does not mean attraction of (financial) resources, he told Shana explaining that holding of tender offers and the process of revision,...

TEHRAN, Feb. 17 (Shana) -- Iran says it will ship its second crude oil consignment after the sanctions' removal before the end of February. Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi said Iran will send its second oil shipment before the end of February. Iran shipped its first oil consignment after sanctions' removal ...

Iran said on Sunday that it has increased its oil production capacity by 400,000 barrels per day (bpd) thus almost materializing an earlier pledge to raise output by 500,000 bpd after the removal of the sanctions. The announcement was made by Rokneddin Javadi, the managing director of the National Iranian Oil Company (NIOC). Javadi has been quoted ...

Daily look at Irans late-breaking news and upcoming events:   Iran to send 4mb of oil to Europe in 24 hours Iran says it has loaded 4 million barrels of crude oil on tankers headed for European destinations.   Iran president orders single forex, lower lending rates Iran must unify multi-tiered foreign exchange rate and cut lendinginterest ...

TEHRAN, Feb. 13 (Shana) -- Iran says it has loaded 4 million barrels of crude oil on tankers headed for European destinations. Roknoddin Javadi, the managing director of National Iranian Oil Company NIOC), told Shana that the tankers will start their within the next 24 hours. "2mb of the cargo has been purchased by France's Total and the rest is ...

The increase in oil production capacity is among the National Iranian Oil Company's top priorities, according to the managing director of the National Iranian Oil Company. MOSCOW (Sputnik) Iran is increasing its daily oil production by500,000 barrels afterthe sanctions againstTehran are removed officially, the managing director ofthe National Iranian ...