National Iranian Oil Company
Iran signs first new style energy contract with a local firm
The National Iranian Oil Company (NIOC) on Oct. 4 signed a new style output contract with an Iranian firm, a long-awaited template for new contracts it hopes will attract foreign energy investors back to boost output after years of sanctions.
Zarrab indictment expanded to include Turkey as 'crime scene'
An indictment for Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami a month ago over attempting to evade U.S. sanctions on Iran, has expanded from New York to include "Turkey, the United Arab Emirates and elsewhere" as places where the crime may have been committed.
Greece to be the first EU country to buy crude oil from Iran since trade sanctions lifted
Hellenic Petroleum, Greece’s largest refinery, has struck a deal to buy oil from the National Iranian Oil Company in the first sale of Iranian crude oil to a European country since trade sanctions were lifted. The long-term agreement announced on Friday said that deliveries are to begin immediately.
Iran doesn't want oil price war, may limit output rise: Official
Iran wants to avoid an oil price war with rival producers and only gradually lift exports once sanctions against it are lifted, a senior official said, in what would be a major shift away from planning to ship as much fuel as soon as possible.
Iran seeks $25 bn as new oil contract offer unveiled
Iran is seeking $25 billion in investments from 50 deals involving international oil and gas companies, foreign executives were told on Nov. 28 in Tehran as the government outlined new contractual terms.
Iran hopes to export gas to EU through Spain
Iran hopes to bring its gas to the European Union by shipping liquefied natural gas (LNG) to Spain, its oil minister was quoted as saying on Sept. 7 at a news conference with his Spanish counterpart in Tehran.
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Shell holds talks in Iran on post-sanction business
Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country, in preparation for the possible removal of international sanctions on Tehran.
100 billion barrels of oil in ground near London Gatwick: Company
An oil exploration firm said on April 9 that it had discovered 100 billion barrels of oil in the ground next to Gatwick Airport outside London.
Although only between three and 15 percent of the total is likely to be extractable, UK Oil & Gas Investments (UKOG) said the Horse Hill well in Surrey, southwest England, was a "world class potential resource".