Managing director of National Iranian Oil Company (NIOC) says Irans oil industry needs an investment of over a hundred billion dollars for development.

International Affairs Director of the National Iranian Oil Company Mohsen Qamsari said on Saturday that Iran has regained its share in the oil market without any discount.

Manager of Integrated Planning at National Iranian Oil Company (NIOC) Abdol-Mohammad Delparish said on Tuesday that Russian Zarubej Neft Company is willing to launch feasibility study on Dalpari and Danan fields west of Iran.

Managing Director of National Iranian Oil Company Ali Kardor said on Tuesday that transfer of technology is the main principle of Iranian oil industry in following the new oil contract model.

National Iranian Oil Company (NIOC) and Russian Zarubej Neft on Tuesday signed a Memorandum of Understanding (MoU) for feasibility study on two joint fields west of Iran.

Jofair oil field is located in hydrocarbon-rich West Karoun area in southwestern Iran. This field is estimated to hold 2.1 billion barrels of crude oil in place. Jofair was one of projects introduced to foreign investors.

Petroleum industry is key to economic development in every country. Some pivotal roles of petroleum industry include its contribution to the materialization of the macro-objectives of...

Head of the Italy Desk of the 2016 World Conference of Mayors and Councilors says Italian companies are keen on investing in Irans energy projects including renewables.

Managing Director of National Iranian Oil Company (NIOC) Ali Karder said on Monday that contracts for development of a number of Iranian fields will be either buy-back or Engineering, Procurement, Construction and Financing Contract (EPCF) in nature.

Head of the Dispatching Unit in National Iranian Gas Company Abdolreza Ebrahimian says up to 12 billion cubic meters of gas will be injected to oil reserves by March 20, marking end of the current Iranian calendar year of 1395.