Iranian Minister of Petroleum Bijan Zangeneh says Iran’s hydrocarbon refining capacity will cross 3 million barrels per day by the end of the 6th five-year development plan to 2021.

Iran would welcome cooperation with Swedish companies in projects concerning optimization of energy consumption and reduction of greenhouse emissions, Iranian Minister of Petroleum Bijan Zangeneh said.

Iran says its proven in-place oil and gas reserves are higher by 30 billion barrels and 128 trillion cubic feet, respectively, than 2011 estimates.

The National Iranian Oil Company (NIOC) and Malaysias Bukhary International Ventures (BIV) have signed a memorandum of understanding (MoU) for carrying out studies over Irans Golshan and Ferdowsi fields.

An Iranian gas official says Iran will mostly likely be exporting natural gas to Oman by 2020.

Iranian Minister of Petroleum Bijan Zangeneh described the oil market reaction to Organization of the output cut plan of the Petroleum Exporting Countries (OPEC) as desirable, saying the current trend is expected to continue.

Iranian Minister of Petroleum Bijan Zangeneh and his Omani counterpart Mohammed bin Hamad Al Rumhy held energy talks in Tehran on Tuesday.

Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the company has defined 70 downstream petrochemical projects and is ready to introduce them to interested financiers.

Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor says new discoveries have placed Irans total in-situ oil reserves at least 15 billion barrels higher than previous estimates.

Iranian Minister of Petroleum Bijan Zangeneh says export of petroleum products is an approach adopted by the Iranian Ministry of Petroleum.