TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh announced Iran's creation of new capacities in the field of oil sales as well as transmission and receiving oil money despite the sanctions on the country.

TEHRAN (NIOC) – The National Iranian Oil Company (NIOC) has signed 8 contracts for boosting and maintaining production at Iranian oil fields with domestic companies.

TEHRAN (NIOC) _ The CEO of the National Iranian Oil Company said NIOC was planning to issue Rls. 20,000 bn worth of bonds to finance projects aimed at production enhancement and maintenance of oil fields in Iran.

TEHRAN (NIOC) _ The CEO of Oil Industries Engineering and Construction (OIEC) Group announced the first phase of Azar join oilfield will become productive soon.

The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held on Tuesday, 5 January 2021, via video conference.

TEHRAN (NIOC) _ Iran’s Minister of Petroleum, Bijan Zangeneh, said on Tuesday that the 75,000 bpd increase in Russia and Kazakhstan oil production in February and March will not influence OPEC+ output and world market.

TEHRAN (NIOC) _ OPEC and its allies reached a consensus on crude oil output cuts of 7.125 million bpd for February and 7.050 million bpd for March, allowing Russia and Kazakhstan to raise production.

TEHRAN (NIOC) _ Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday that future months are determining for oil market in terms of supply-demand uncertainties.

TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting with his Azerbaijani counterpart here in Tehran to discuss oil and energy issues concerning the two neighbors.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zanganeh described Russia as a strategic partner for Iran, voicing Tehran’s willingness to welcome Russian investors in Iran’s oil industry.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh is to leave Tehran for Moscow on Sunday, December 20, to review the latest developments in the global crude oil markets with Russian officials.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh says the country could build up its crude oil exports to 2.3 million barrels per day, saying: Boosting oil production is Iran's right and it does not ask for anyone’s permission to do that.

TEHRAN (NIOC) – Iran will begin gas recovery from Phase 11 of the supergiant South Pars gas field in the second half of the next Iranian calendar year which begins on March 21, 2021, an official with the National Iranian Oil Company (NIOC) said.

TEHRAN (NIOC) _ Drilling operations of the first well of South Pars Phase 11 development project kicked off officially by the order of Iranian Minister of Petroleum Bijan Zangeneh today (Monday, December 14).

TEHRAN (NIOC) _ The head of North Yaran Oil Field Development Project said announced installation of the fifth downhole pump in the field, and said considering that five more such pumps will be installed in the field by the end of the current calendar year (March 20, 2020), the upward trend of oil production in North Yaran will continue.

TEHRAN (NIOC) – Iranian President Hassan Rouhani said the country was prepared to rapidly increase its crude oil production capacity to boost exports.

Tehran (NIOC) _ The 12th OPEC and non-OPEC Ministerial Meeting ended on Thursday with members reaching a consensus on easing crude oil output cuts by 500,000 bpd for January, 2021.

TEHRAN (NIOC) – The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, will be held on Thursday (December 3) at 2:00 PM Vienna time (4:30 PM Tehran time).

TEHRAN (NIOC) _ Algeria’s Minister of Energy and OPEC President, Abdelmadjid Attar, addressed the opening of the 180th meeting of the OPEC Conference held virtually on Monday.

TEHRAN (NIOC) _ The CEO of Petroleum Engineering and Development Company (PEDEC) said construction of the first skid-mounted oil processing unit in the West Karoun region led to the formation of a new strategy and policy in Iran’s oil industry.