NIOC

Oil ministry is not still definite about giving development project of Yadavaran and North Azadegan oil fields to Chinese companies. In an exclusive interview with IRNA on Saturday, Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said the decision to give the two projects to Chinese firms is not fixed yet. He said NIOC is still considering the proposed plans by Chinese companies. He added according to the existing contracts, Chinese firms have been given priority in developing the second phases of the two oil fields, but nothing…

Ali Kardor, the managing director of National Iranian Oil Co. (NIOC) declared: in the near future oil and gas fields’ development will be done based on 3 types of contracts including BuyBack, Iranian Petroleum Contracts (IPC) and Engineering, Procurement, Construction & financial (EPCF). It is worth noting that under a buyback deal, the host government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces. But under the IPC, the National Iranian Oil Co. (NIOC) will set up joint ventures for crude oil and…

Iran plans to double crude exports so long as the increase in shipments is absorbed by global markets, which it sees as stable for the rest of the year, according to a senior official at state-run National Iranian Oil Co. The country is exporting about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC’s director of international affairs. It has regained about 80 percent of the market share it held before the U.S. and European Union tightened sanctions on its oil industry in 2012, he…

Ali Kardor, who was previously the deputy managing director of NIOC for making investment and securing finance, replaced Rokneddin Javadi, the ex-managing director of the company. On June 18 in Tehran a farewell ceremony to the ex-Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi and introducing his replacement Ali Kardor on Saturday, Zangeneh said, "We fulfilled our promise to add 500,000 b/d to Iran's crude oil output in less than three months and, in the recent OPEC conference, everyone admitted that the speed of Iran's return to the…

Daily production climbed to highest since end of November 2011 Exports rose more than 40% from March to 2 million barrels/day In an interview with IRIB News Agency, Managing director of National Iranian Oil Company announced that Iran has reached to pre-sanction level of crude oil production and export. Roknodin Javadi said: during the last month (30th Mar-30 Apr) country's crude oil export has increased to more than 2 million bpd besides we are experiencing a significant rise in crude oil production and in near future we will reach the…