Iranian oil industry has broken the monopoly of American companies in technical know-how of manufacturing wellhead equipment.

An Iranian deputy minister says the country will soon resume oil sales to Italy’s state energy producer Eni.

A deputy petroleum minister said Iran views export of natural gas and LNG to Europe as a chief strategy.

Managing Director of Iranian Central Oil Fields Company (ICOFC) Salbali Karimi says the company has privatized 11 billion dollar worth of production and development projects within framework of Iran oil contracts.

Iran’s Ambassador to Madrid Mohammad-Hassan Fadaeefard has said Tehran and Madrid enjoy favorable capacity for cooperation in the oil related sectors.

Iran is keen to revive oil swap deals with littoral states of the Caspian Sea including Kazakhstan, Russia and Turkmenistan, Managing Director of the Iranian Oil Terminals Company (IOTC) Pirouz Mousavi said on Wednesday.

Deputy Minister of Petroleum Roknoddin Javadi said on Thursday that Iran’s export of crude has exceeded two million barrels per day.

A senior Iranian energy official called for hastening banking and insurance relations between Iran and Germany, saying, "Germans hope to resolve an issue with insurance ceiling for Iranian projects to offer up to €5.5b in insurance coverage of projects in Iran."

Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi says the ground is prepared for conclusion of a contract between Iran and South Korea for cooperation.

National Iranian Gas Export Company (NIGEC) and South Koreas KOGAS signed a Memorandum of Understanding (MoU) in order to embark on a facilitative cooperation in the field of natural gas.