National Iranian Oil Company works on increasing of oil output

Tehran, Iran, May 7

By Kamyar Eghbalnejad, Ali Mustafayev - Trend:

National Iranian Oil Company (NIOC) designs a schema for maintenance and growing of oil production in oil fields, Deputy of NIOC's Development and Engineering department Gholamreza Manouchehri during the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2018).

The project on maintenance and growing of oil production includes 35 sub-projects and may require $6 billion investment, Trend correspondent reported from the event.

Manouchehri added that the relevant tender procedures are being submitted with Iranian companies.

"We need 100 drilling rigs for the implementation of the project which is equivalent to the whole activated rigs in our country. Most of the rigs will be supplied by domestic producers," Manouchehri said.

The project is expected to reach significant progress in the upcoming year. The whole project is to be completed in 2 years.

“It seems that the project will have a great impact on the manufacturing industry of Iran, which could lead to opening of tens of thousands of new jobs," Manouchehri said.

He also stressed that 2018 is a very successful year for NIOC, adding that the company works on implementation of 80 projects, which are expected to be finalized in near future.

Exhibitors from 38 countries represent over 4,000 Iranian and foreign international companies at the Iran Oil Show-2018.

Azerbaijan, Austria, Spain, Germany, the UAE, the UK, Italy, Belgium, Turkey, Czech Republic, China, Russia, Japan, Sweden, Switzerland, France, Croatia, South Korea, Poland, Netherlands, India, Finland, Hong Kong Bahrain, Kazakhstan, Monaco, Canada, Liechtenstein, Oman, Denmark, Taiwan, the US, Norway, Australia, Brazil, Malaysia and Singapore are among the participants in the exhibition.

The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.

Among the fields of activities of the participants are development and study of deposits; geophysical equipment and technologies; equipment and technologies; equipment and technologies for drilling; equipment for oil and gas production; heavy engineering: pipes and pipelines; transportation of petroleum products; power generation; petrochemical technologies; service maintenance; pipeline fittings, compressors; safety technologies; welding equipment; waste treatment and recycling.

Georgian National Bank reveals inflation rate in country
Georgian National Bank reveals inflation rate in country
Turkmenistan takes part in UN-led discussion on financial problems caused by COVID-19
Turkmenistan takes part in UN-led discussion on financial problems caused by COVID-19
ADB allocates loan to help Georgia contain spread of COVID-19
ADB allocates loan to help Georgia contain spread of COVID-19
Loading Bars
Latest
Number of COVID-2019 cases across globe up by over 107,000 in past day
Trump says terminating U.S. relationship with World Health Organization over virus
Brazil sets new record for daily COVID-19 infections
Singapore reports 611 COVID-19 cases
Turkey reports 1,182 COVID-19 cases over past 24 hours
Bulgaria to end quarantine on travel from most of EU
Iraq records highest daily new COVID-19 cases
Azerbaijan expected to resume domestic flights in 10 days
Uzbekistan sharply increases air cargo traffic
Iran Mercantile Exchange to run housing market
Azerbaijan confirms 230 new COVID-19 cases
Turkey's export of defense products to France shows decline
Azerbaijan adopts new decision on wearing medical masks during COVID-19
Turkmenistan, CAREC intend to conduct joint research in field of e-commerce
Uzbekistan to supply electricity to its biggest gold field
Azerbaijan extends quarantine regime
Mercati di Traiano monumental complex of Ancient Rome lit with colors of Azerbaijani flag (PHOTO)
Uzbekistan seeks to learn French experience in fight against COVID-19
Georgian National Bank reveals inflation rate in country
Uzbek Almalyk Mining & Metallurgical Plant eyes to expand production of precious metals
Azerbaijani oil prices go up
Turkey's car export to France slumps
Turkey cement export to Iran plunges
Kazakhstan to resume railway transportation on more local routes
Data on cargo transit runs from Georgia through Turkey disclosed
Azerbaijan extends closure of state border
Azerbaijan aims to increase international cargo transportation
Turkey sharply increases export of grain, legumes to Turkmenistan
Czech Ministry of Industry and Trade reveals plans for Uzbekistan
Turkish Airlines to resume flights to Turkmenistan
Czechia ready to expand trade cooperation with Uzbekistan
Georgian chestnuts to be sold on Russian shelves
Kazakhstan officially lifts food export restrictions
MP: Azerbaijan will restore its destroyed cemeteries, historical, cultural, religious monuments
Number of cargo transit runs from Iran through Turkey revealed
Over half of electricity imported to Georgia from Turkey
Equinor to drive renewable investment among majors
Branching horizons for Southern Gas Corridor: Eastring project still alive
Kazakhstan Railways subsidiary to attract railroad repair services via tender
Czech Ministry of Industry & Trade talks partnership with Uzbekistan
Turkmenistan, South Korea to set up Business Council of CA countries
Turkey observes decline in car export to Iran
Turkey drops car export to Georgia
Estimated real gross domestic product declines in Georgia
Export of electrical goods from Turkey to Kazakhstan soars
Turkey expands export of electrical goods to Turkmenistan
Turkey's export of ready-made clothing to Iran slumps
Turkey significantly decreases cargo transportation to Iran
Export of Turkish cars to Uzbekistan drops
Turkmenistan, EEAS review implementation of joint projects in economic sphere
Turkey's export of wood, furniture to Uzbekistan decreases
Export of Turkish furniture to France down
Georgia's fourth anti-crisis plan to cover construction sector
FAO designs projects aimed at overcoming pandemic's consequences in Azerbaijan
Fuel demand will not return to 2019 levels until 2024
Facial masks produced in Georgia to be exported
COVID-19 cases up in Georgia
Oil supply risks to fail to ramp up in line with demand returning
Turkmenistan takes part in UN-led discussion on financial problems caused by COVID-19
Georgia resumes municipal transport services
Turkish Trade Ministry talks grain, legumes export volume to Kazakhstan
SOCAR Turkey says no plans to change its shareholding structure
Turkey sees decline in leather export to Georgia
Iran seeks to expand energy export to region
Turkey reveals figures on export of grain, legumes to Uzbekistan
Volume of export from Turkey’s Istanbul, Ankara to France disclosed
Kazakhstan, Turkey eye resuming mutual flights
ADB allocates loan to help Georgia contain spread of COVID-19
Steel import by France from Turkey since early 2020 down
Iranian ministry: provision of basic materials to production sector is key priority
Iran to commission over 20 airport infrastructure facilities
Armenia violates ceasefire with Azerbaijan 25 times
Azerbaijan's monetary policy review for 1Q2020
German development bank supports Georgia's energy sector reform
Iran assigns multibillion credit to construction projects in country
Biodegradable bag manufacturing launched in Georgia
IFC talks development of solar photovoltaic parks in Uzbekistan
Pakistan’s PM expresses gratitude to Azerbaijani president
English Premier League announces June 17 restart
Mask-wearing remains controversial in U.S. as COVID-19 death toll exceeds 100,000
Pakistan to establish national cell against rising locust threat: minister
Brazilian president signs financial aid bill for states, cities
Algeria extends lockdown as COVID-19 infections near 9,000
UK PM unveils "limited" easing of lockdown as COVID-19 deaths hit 37,837
Canada's CIBC lost $64 million in a day on paper in gold market turmoil
Nordstrom sales plunge nearly 40% on pandemic-led store closures
English court to weigh recognition of Maduro, Guaido in Venezuela gold case
Nissan plans big cuts to go small after first loss in 11 years
Valencia region moves to next stage of Spain's lockdown exit
American Airlines says to cut management and support staff by 30%
Canada's Huawei extradition ruling could unleash more Chinese backlash
Holiday gifts from Azercell to families of martyrs and disabled persons on the occasion of May 28th - The Republic Day (FOTO)
Kazakhstan’s Development Bank takes measures to maintain tax revenues, exports
U.S. COVID-19 cases top 1.7 mln -- Johns Hopkins University
TikTok owner ByteDance moves to shift power out of China
King of Morocco congratulates Azerbaijani president
EKVITA Experience in Embracing Threats
Number of companies with French capital registered in Turkey shrinks
Food price index slightly increases in Azerbaijan
Pedestrian bridge being constructed in Uzbekistan's Navoi city
All news