TEHRAN (NIOC) _ Oil sanctions against Iran remain effective. But the country says it would export 2.3 mb/d of oil and condensate this year. Many experts believe that Iran’s return to the oil market is unlikely to cause any shock.

TEHRAN (NIOC) _ Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present.

TEHRAN (NIOC) _ OPEC and its allies reached a compromise on Thursday on extending the current crude oil output cuts of 18 members for April, allowing Russia and Kazakhstan to raise their production by 150,000 bpd.

TEHRAN (NIOC) – Iran has so far produced over 36 million barrels of crude oil from Azar join oilfield, the executor of Azar Field’s development project announced.

TEHRAN (NIOC) _ The CEO of Pars Oil and Gas Company said the first jetty for loading and exporting liquefied petroleum gas from the service and export port of Tombak in South Pars was put into operation.

TEHRAN (NIOC) _ The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.

TEHRAN (NIOC) _ The CEO of the National Iranian Oil Engineering and Construction Company said: We have become completely self-sufficient in construction and implementation of crude oil and petroleum products transmission pipelines under the most difficult economic conditions and sanctions.

TEHRAN (NIOC) – The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.

TEHRAN (NIOC) _ The first 3.2-MW pump made in Iran, after successfully passing performance tests, was delivered to the Goreh-Jask crude oil transfer project and reached the installation site in Pumping House No. 2, located 50 km off Bushehr.

TEHRAN (NIOC) – The National Iranian Drilling Company (NIDC) has completed 117 oil and gas wells by drilling ​​85,616 meters during the past year.

TEHRAN (NIOC) _ Although ten giant oil fields in Iran account for the bulk of Iran's oil production, they are all in the second half of their lifecycle as inadequate investment in them, over years, has left their recovery rate at a low level.

TEHRAN (NIOC) _ The Impact of Global Conditions on the Future of Iran's Oil and Energy was examined on the first day of the 6th Iran Petroleum and Energy Congress (IPEC).

TEHRAN (NIOC) _ The head of Jask Oil Terminal Project said that construction of the first 36-inch marine pipeline to transport crude oil to the Jask export terminal was completed.

TEHRAN (NIOC) _ Cooperation and mutual respect as far as transferring the technologies are concerned, is regarded as the gravest reason for the presence and participation of the foreign firms in Iran, Iranian oil minister stressed.

TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh said he did not worry about Iran regaining its oil market share in the wake of eased sanctions on Tehran.

TEHRAN (NIOC) _ The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held in January 22 till 25th for 4 days.

TEHRAN (NIOC) _ The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to stop reducing its crude oil output and increase production to pre-sanctions’ levels.

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.