TEHRAN (NIOC) _ The National Iranian Oil Company (NIOC) ranked first among the world's largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.

TEHRAN (NIOC) _ Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.

TEHRAN (NIOC) _ Iranian President Hassan Rouhani ordered the opening of a new oil export terminal with relatively large storage and bunkering facilities near the mouth of the Persian Gulf on Thursday.

TEHRAN (NIOC) _ Seyed Hassan Mousavi, the former legal director of the National Iranian Oil Company, has recently been appointed by members of the Gas Exporting Countries Forum (GECF) as the responsible for legal affairs of the forum.

TEHRAN (NIOC) _ The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15

TEHRAN (NIOC) _ The head of Jask Oil Terminal Project said the first phase of the terminal would be launched by the end of the current calendar year, which began on March 21.

TEHRAN (NIOC) _ The CEO of Pars Oil and Gas Company stated that the current capacity of gas production from the South Pars joint gas field is 700 million cubic meters per day, and said: “420 million cubic meters of this amount was added to the field’s production capacity under the Rouhani administration.”

TEHRAN (NIOC) _ The Iranian Minister of Petroleum said the country made great achievements in oil and gas projects despite the sanctions.

TEHRAN (NIOC) – The CEO of the Petroleum Engineering and Development Company (PEDEC) said, Sustainable electricity supply guarantees continuous production of oil in the West Karoun oil fields cluster, and the construction and operation of the West Karoun power plant is very important in this regard.

TEHRAN (NIOC) _ The operator of phase 13 of South Pars gas field announced completion of the standard stages of commissioning and the start of rich gas recovery from the third platform of this project.

TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh said the end of the oil age would be cause by the introduction of new technologies rather than the end of oil reserves.

TEHRAN (NIOC) _ Iran will add over 185,000 barrels per day to its oil production capacity by carrying out 13 projects aimed at enhancing and maintaining oil recovery in the country’s fields.

TEHRAN (NIOC) _ The CEO of the National Iranian Oil Company (NIOC) said Iranian firms would enjoy over 70 percent share in oil production enhancement and maintenance projects in the country’s fields.

TEHRAN (NIOC) – Iranian oil industry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.

TEHRAN (NIOC) _ The first phase of the oil transfer chain of the West Karun fields with a daily delivery capacity 460,000 barrels of heavy crude oil and 254,000 barrels of light crude oil to export terminals was officially launched on Thursday.

TEHRAN (NIOC) _ For the first time in the Iranian oil industry, construction of 42-inch gate valves compatible with sour fluids is on the agenda of domestic companies, and now the process of manufacturing these valves to be used in the pipeline to transfer crude oil from Goreh to Jask is underway.

TEHRAN (NIOC) The head of the offshore section of South Pars 22-24 phases' development project said 3 new wells had become operational in the project which added 200 mcf to the phases’ gas output.

TEHRAN (NIOC) _ The third generation of sucker-rod pump (SRP) was installed for the first time in ​​West Karoun oil fields cluster at well No. 14 of North Yaran field and increased the oil production capacity of this joint field by 500 b/d.

TEHRAN (NIOC) – Iranian Minister of Petroleum Bijan Zangeneh said his ministry would support domestic manufacturing by observing international standards in the oil industry.

TEHRAN (NIOC) _ The lack of investment in the gas industry today could jeopardize the security of gas supply in the medium term, said the secretary general of the Gas Exporting Countries Forum (GECF). “It is in the interest of buyers and sellers to keep the flow of investment to at least a minimum.”