Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh.

Iranian President Hassan Rouhani said his administrations measures to increase export of crude oil and gas condensate have been in line with the Resistance Economy instructed by the Leader of the Islamic Revolution.

Pars Oil and Gas Company (POGC) has put development of Farzad B joint gas field high on its agenda, POGCs managing director says.

First Vice-President Eshaq Jahangiri says that the natural gas distribution network in Iran is one of the world’s most formidable ones.

Iran is to launch gas pressure station facilities on Thursday in order to boost its gas delivery capacity by 50 million cubic meters.

Iran says it will start production of 35,000 barrels/day of crude oil from the oil layer of the supergiant South Pars Gas Field.

Iran says it will add at least 16 million liters to its gasoline output in the near future once new refining projects come online across the country.

Iranian President Hassan Rouhani said Tehran is ready to swap oil and petroleum products with Azerbaijan, expressing hope for further cooperation between the two neighboring countries.

Iranian Minister of Petroleum Bijan Zangeneh says Tehran is interested in joining the South African crude oil market.

Deputy Minister of Petroleum in International Affairs and Trading Amir Hossein Zamaninia said the Iranian Ministry of Petroleum is in talks with investors to sign 25 deals valued at 85 billion dollars collectively.