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National Iranian Oil Company

National Iranian Oil Company latest

New Oilfield Discovered in Iran with 53 Billion Barrels of Crude
November 11th, 2019 - 08:33 GMT

Iran: New Oilfield Discovered with 53 Billion Barrels of Crude

President Hassan Rouhani revealed on Sunday that Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-a…","video_id":"a06ff7b5-e051-482b-ae88-2aba2a9cea1d","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Arab Countries in terms of Ease of Doing Business 2019"} “Workers and the exploration arm of the National Iranian Oil Company ...have found an oilfield with 53 billion barrels of reserves,” Rouhani said in a televised speech ...
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Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

Kuwait’s Deputy Foreign Minister Khaled Jarallah said Saturday the market could not support a production increase from Iran, adding oil exporting countries must freeze output. (File photo)
May 16th, 2016 - 11:03 GMT

Kuwait calls on Iran to join oil production freeze plan

Iran had previously rejected calls to cut production until its output reached four million barrels per day. (File photo)
May 8th, 2016 - 05:00 GMT

Is Iran finally ready to join oil production freeze plan?

Japan began development of Azadegan oil field but ceased operations as a result of US sanctions against Iran.  (AFP/File)
March 25th, 2016 - 11:30 GMT

Oil giant Total signs 'secret deal' with Iran for South Azadegan field development

Al Bawaba
February 21st, 2016 - 01:00 GMT

True to their word, Iran pumps up the volume

Al Bawaba
January 25th, 2016 - 06:00 GMT

Iran signs oil deal with Russian company Lukoil

Al Bawaba
January 18th, 2016 - 02:30 GMT

Iran to increase oil production by 500,000 bpd following sanctions lift

Al Bawaba
December 6th, 2015 - 01:00 GMT

Eyeing opportunities to invest in Iran? Read this first

Egypt imported oil from Iran prior to the 2012 sanctions. (Al Bawaba/File)
November 30th, 2015 - 04:51 GMT

With lifting of sanctions, Iran looks to export crude oil to Egypt

Al Bawaba
September 28th, 2015 - 12:25 GMT

Iran tax revenues surpass oil earnings

Iran used to export 200,000 barrels per day to the European country before the US imposed sanctions. (AFP/File)
September 8th, 2015 - 02:50 GMT

Iran 'ready' for Spain oil exports to return to levels before sanctions

Al Bawaba
June 18th, 2015 - 12:15 GMT

Saudi Arabia must cut oil output if Iran’s exports reach level before sanctions: official

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