Managing Director of National Iranian Oil Company Ali Kardor says oil industry development projects can be implemented if necessary financial resources are met.

The First Vice-President Eshaq Jahangiri says investment in joint oil and gas fields should be expedited.

Iran’s gas industry is five decades old now. When the industry started work the main objective was to export gas. To that end, Iran’s first gas refinery pumped gas to the then Soviet Union before it would be delivered to Europe.

Managing Director of National Iranian Oil Company (NIOC), Ali Kardor, says Irans oil production capacity will reach four million barrels per day by end of the current Iranian year of 1395 (started on March 20).

Injection of gas to southern Iranian oil fields rose by 27% year-on-year in the first 5 month of the current Iranian calendar year which began on March 20.

Among scores of oil and gas fields introduced at an international conference in Tehran for development under the new model of oil contractual framework, there are fields which...

The objective behind the development of Dey and Sefid Zakhour gas fields is to produce 5.1 mcm/d and 10 mcm/d of gas respectively, and the delivery of gas processed at Farashband refinery to Iran Gas Trunkline (IGAT) 2 and 3 for supplying national needs.

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor on Wednesday highlighted importance of attracting foreign capital as mere reliance on domestic financial resources will not bring about economic growth beyond five percent under ideal conditions.

Managing director of National Iranian Gas Export Company ALireza Kameli said the country will raise its gas export capacity in the following year as the country will dramatically boost its gas output.

Iranian Minister of Petroleum Bijan Zangeneh said Iran would support any decision by crude oil producers that would bring stability back to the oil market.