Managing director of Pars Oil and Gas Company (POGC) Mohammad Meshkin Fam says gas recovery from South Pars gas field will reach 515 mcm/d by the end of the Azar (9th month in Iranian calendar, December 20).

President Hassan Rouhani and Russian counterpart Vladimir Putin have on Monday underlined mutual cooperation to forge further coordination among the oil producers.

Managing Director of Industrial Projects Management of Iran (IPMI) Morteza Emami said ground is ready for foreign investment in Iran’s oil and gas sector.

Denmarks Ambassador to Iran Danny Annan said Danish companies are ready to transfer technology and invest in Iran’s oil and gas industry.

Iran’s Minister of Petroleum Bijan Zangeneh urged using oil recovery for boosting production and increasing the national wealth.

Irans share in the Middle Easts oil products exports has reached 13.7% since January when the Joint Comprehensive Plan of Action (JCPOA)s implementation began.

The new models of contracts known as Iran Petroleum Contracts has raised hopes for the flow of investments to Iranian oil and gas sector, Sohbet Karbuz said.

Norwegian oil and gas operator DNO ASA inked a Memorandum of Understanding with the National Iranian Oil Company (NIOC) on Wednesday to develop Irans Changuleh oil field.

Deputy Minister of Petroleum for Engineering, Research and Technology Mohammad-Reza Moqaddam says Iranian companies are capable of producing oil well equipment, which can be exported to regional countries.

South Zagros Oil and Gas Exploitation Company (SZOGPC) is ready to increase its gas output and supply about 220 million cubic meters a day to the market to afford domestic need in the cold season of the year.