Petropars has already held several meetings with its German and French partners on development of oil fields and construction of refineries, Managing Director of Petropars Company Mohammad Javad Shams said.

Head of the policy-making council of Irans oil industry exhibitions said 1,900 Iranian and foreign companies will run stands at the upcoming Iran Oil Show, up 60% from the fairs previous edition.

First Vice-President Eshaq Jahangiri said the Rouhani Administration is planning to invest 200 billion dollars in oil sector in a push to develop the industry by employing new technologies.

A senior official with Irans Research Institute of Petroleum Industry (RIPI) says the country enjoys vast shale gas reserves in the western province of Lorestan.

Iran on Sunday signed an agreement with South Africa over the production of gas to liquids (GTL) - an agreement that could lead to the transfer of knowledge to Iran over the production of the clean fuel.

India’s biggest oil refiner says it is looking to ramp up oil imports from Iran after resuming purchases from the country only last month.

Iran has started exporting 60,000 bpd of crude oil to Greece, Director of international affairs at National Iranian Oil Company Mohsen Qamsari said Friday.

Chief Executive Officer of National Iranian Oil Company (NIOC) says the country’s crude oil production will reach pre-sanctions levels of 2011 within a couple of months.

Korean research firms came to Iran last week to visit the research arm of the countrys energy sector, Research Institute of Petroleum Industry (RIPI), in a push to cement research deals with the institute.

Iranian Minister of Petroleum Bijan Zangeneh said Iran has signed a deal with European customers for the export of 0.7 million barrels per day.