Tuesday, May 26, 2020   14:16:45
1st Jacket of the South Pars Phase 11 was Installed
  • Thursday 5/21/2020 1st Jacket of the South Pars Phase 11 was Installed
    TEHRAN (NIOC) _ The operation of installing the first platform jacket of phase 11 of South Pars has been started through an online inauguration ceremony with the presence of President Hassan Rouhanu and petroleum minister, Bijan Zanganeh on Thursday morning, May 20.
Iran’s OPEC Governor Kazempour Ardebili Dies at 68
Petroleum Minister Outlines MOP Measures to Combat COVID-19
Covid-19 Crisis and Oil Prices
  • Tuesday 5/12/2020 Covid-19 Crisis and Oil Prices
    TEHRAN (NIOC) _ Oil prices keep falling. Nobody could imagine that oil prices would hit their 17-year lows in less than three months. Analysts shift the blame on the novel coronavirus outbreak, which has degenerated into a global crisis. The Covid-19 outbreak caused economic stagnation and demand for oil and petroleum products dropped severely.
Fate of Almost All Iran Joint Fields Defined
  • Monday 5/11/2020 Fate of Almost All Iran Joint Fields Defined
    TEHRAN (NIOC) _ The Director of Integrated Planning at the National Iranian Oil Company said the fate of all Iranian oil and gas joint fields had been determined except for one small field.
Petropars, NIDC Sign Cooperation MOU
  • Wednesday 5/6/2020 Petropars, NIDC Sign Cooperation MOU
    TEHRAN (NIOC) _ The Petropars Group and the National Iranian Drilling Company have signed a memorandum of understanding to cooperate in implementation of oil and gas projects.
Installation of South Pars Platform 11B Complete by June
South Pars Phase 14 Refinery Online by June 2021
WTI, April 20 and What Happened
  • Thursday 4/23/2020 WTI, April 20 and What Happened
    TEHRAN (NIOC) What happened on April 20, 2020 in the oil futures market? Why the benchmark US oil prices did headed to negative territory for May 20 delivery? Will the futures contract price for WTI crude for June 2020 also be negative? Why are the prices for some crude oil in the United States and Canada single-digit or negative? To get the answers to these questions, don't miss this report by an oil market analyst familiar with the oil market.
How U.S WTI Crude Plunge Below Zero
  • Wednesday 4/22/2020 How U.S WTI Crude Plunge Below Zero
    TEHRAN (NIOC) The Director of International Affairs at the National Iranian Oil Company said the impact of the fall in crude oil prices by more than $55 on Monday, April 20, on the East Asian market was about $3 as WTI is not used as a benchmark for pricing Iranian crude oil.
No Distraction in South Pars Production despite COVID-19 Outbreak
OPEC+ Confirms Historic Cut Deal
G20 to Cut Output by 3.7mbd along with 9.7mbd by OPEC+
  • Monday 4/13/2020 G20 to Cut Output by 3.7mbd along with 9.7mbd by OPEC+
    TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh said OPEC+ had just struck a deal to cut the group’s output by 10 million barrels per day (including 300,000b/d by US) in May and June 2020 which would be accompanied by G20’s decision to cut its oil output by 3.7 mbd for a year.
OPEC+ Clinch 10mbd Output Cut Deal
  • Friday 4/10/2020 OPEC+ Clinch 10mbd Output Cut Deal
    TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh said the coalition of oil producers at the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies had agreed to curtail the group’s output by 10 mbd.
OPEC+ Hammering Out Historic Cut Deal
  • Thursday 4/9/2020 OPEC+ Hammering Out Historic Cut Deal
    TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh said the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC allies, especially Russia, were finalizing an agreement to cut production by at least 10 million barrels per day.
Last South Pars Phase 13 Platform Installed
OPEC, non-OPEC Agreement Accessible before April: Zangeneh
COVID-19, Main Reason in Recent Oil Price Fluctuations: Zangeneh
Iran-Made Fath 72 Drilling Rig Unveiled
  • Tuesday 2/18/2020 Iran-Made Fath 72 Drilling Rig Unveiled
    TEHRAN (NIOC) – 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.
Concurrent Loading of South Pars Phase 13 Platforms
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