Technical affairs director of the Iranian Central Oil Fields Company announced the cooperation of the company with Italy"s Ansaldo Energia to collect 150 million cubic meters of flare gas per day.

Italys Ansaldo Energia has signed a memorandum of understanding (MoU) with several subsidiaries of the National Iranian Oil Company (NIOC) for converting flare gas into electricity at the supergiant South Pars Gas Field.

Iranian Minister of Petroleum Bijan Zangeneh voiced Irans readiness to enter into talks with all oil companies including American ones for developing oil and gas projects.

Iran is preparing a $5 billion investment package for maintaining and enhancing production of the countrys oilfields, Iranian Minister of Petroleum Bijan Zangeneh said.

Iran says it is gearing up efforts including study of its oil reserves to ramp up the countrys crude oil production, a senior Iranian oil official says.

A senior official at Italys ENI says enhancing production from oilfields by even 1% would be a great advancement for Iran.

The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors.

National Iranian Oil Company (NIOC) says it is ready to absorb fresh investments in Irans oil projects, an NIOC official told a conference in Singapore.

The National Iranian Oil Company (NIOC) and Russian energy giant, Lukoil, have signed two MoUs for carrying out geological studies on oil projects in the Caspian Sea.

Irans production of crude oil from Azar Oilfield, shared with neighboring Iraq, has exceeded 4 million barrels, operator of the field says.