NIOC commits $7 billion to Persian Gulf fields

TEHRAN, Iran – National Iranian Oil Company (NIOC) has approved $7 billion of investments in three oil and gas fields in the Persian Gulf.

NIOC head Saeed Hafezei told the sums will be directed at the Resalat and Reshadat oil fields and the Salman gas field, all 18 km (11 mi) offshore Lavan Island. The island currently handles production of 105,000 b/d of oil.

Iranian Offshore Oil Co. operates most of Iran’s offshore oil output.

Tehran Office :

Assaloye Office :

Khoramshahr Office :

Tehran Office :

No.7 , alley lale , north kargar District
Tehran , Iran
021-88220883
82208848    
88220885

Assaloye Office :


NO. 49 , alley jashoo , Nakhl taghi , 
assaloye , Iran

+9891515379


Khoramshahr Office :

 NO.767 , BLVD Mehr , Koi Aria

061-53533765
53533769