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The National Iranian Oil Company (NIOC; Persian: شرکت ملّی نفت ایران, romanized: Sherkat-e Melli-ye Naft-e Irān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1951 and restructured under The Consortium Agreement of ...
The Research Institute of Petroleum Industry, also known as NIOC-RIPI, often shortened to RIPI (Persian: پژوهشگاه صنعت نفت romanized: Pajouhesh-Gah-e San'at-e Naft) is a governmental research institute founded in 1959 in Tehran, Iran and is affiliated with National Iranian Oil Company.
National Iranian Oil Company (NIOC) is in charge of oil and gas exploration and production, processing and oil transportation. [9] National Iranian South Oil Company (NISOC) is an important subsidiary of NIOC. NISOC is producing about 83% percent of all crude oil and 16% percent of natural gas produced in Iran. National Iranian Oil Company ...
It was discovered by Anglo-Persian Oil Company in 1938 and developed by National Iranian Oil Company. [8] It began production in 1940 and produces oil. The total proven reserves of the Aghajari oil field are around 30 billion barrels (3758×10 6 tonnes), and production is centered on 170,000 barrels per day (27,000 m 3 /d). [9]
In 2009, China National Petroleum Corp (CNPC) signed a deal with the National Iranian Oil Company with CNPC taking ownership of a 70% stake upon promising to pay 90 percent of the development costs for the South Azadegan oil field, with the project needing investment of up to $2.5 billion. Earlier that year, CNPC also won a $2 billion deal to ...
NIOC directorate enters the AIOC building in Abadan, June 20, 1951.. The nationalization of the Iranian oil industry (Persian: نهضت ملی شدن صنعت نفت ایران) resulted from a movement in the Iranian parliament (Majlis) to seize control of Iran's oil industry, which had been run by private companies, largely controlled by foreign interests.
Ali Kardor (Persian: علی کاردر, born 16 May 1954) is an Iranian oil executive, and the former managing director of the National Iranian Oil Company (NIOC), from 2016 to 2018. Kardor joined NIOC in 1984. Kardor was appointed managing director of NIOC in June 2016, having previously served as deputy managing director for investment and ...
A memorandum of understanding (MoU) on gas field study was signed in February between National Iranian Oil Company (NIOC) and Malaysia's Bukhary International Ventures (BIV). [8] Both countries have integrated their banking transactions and also agreed to use local currencies along with Chinese yuan and Japanese yen in their bilateral trade.