Tag: National Iranian Oil Co.

Iran: offshore gas investment

Seifollah Jashnsaz, managing director of the National Iranian Oil Co. (NIOC) told a state television channel that the country intends to spend USD 70 billion on the development of two offshore gas fields between 2010-2015, and that the money would be spent on the development of the huge North and South Pars gas fields.

Iran tenders 16 oil blocks

The National Iranian Oil Co. (NIOC) will put on international tender the exploration and development of 16 newly defined oil blocks during a two-day conference (January 28–29) in the Hague, Netherlands.

Oil refinery in East Java

Iran plans to build and operate a USD 1 billion oil refinery in Indonesia's East Java province, Iran's ambassador to Indonesia has said.

Iran to announce tender winner

National Iranian Oil Co., which plans to develop only one of the three delineated fields in the coveted Bangestan oil reservoir, will announce the winner of the tender offer to develop the Ahvaz field soon reports have stated.

Japanese invest in Iran

Japan's National Oil Corp. is to invest in and provide a guarantee for a Japanese group's share in the development of the offshore Soroush and Nowrooz oilfields in Iran.

Indo-Iran pipeline via Pakistan

India's Reliance Industries Ltd and the National Iranian Oil Co. will sign a deal in 2003 for Iran to supply natural gas to India around three to four years later via a transnational pipeline.