With efforts made by Transport Department of the Iranian Central Oil Fields Company and its three subsidiaries, waiting time for transportation of drilling rigs reduced to zero

Presidential Chief of Staff Mohammad Nahavandian informed heads of European banks on the promising prospects of investment in Iran including on oil and gas projects following removal of sanctions.

Petroleum Minister Bijan Zangeneh said on Thursday that Iran will start within the next ten days negotiations on how to use Omans unused LNG capacity.

Deputy managing director of Pars Oil and Gas Company said drilling expenses make up 25% of development costs in the supergiant offshore South Pars gas projects

Minister of Petroleum Bijan Zangeneh said that Iran will continue the policy of maximum production from the joint oil and gas fields and that it has plans to enhance recovery from the fields in the post-sanctions era

Irans deputy petroleum minister in international affairs and trading said Iran is ready to raise its crude oil exports by half a million barrels a day now that the US-engineered sanctions are lifted on Tehrans nuclear program

Secretary General of the Gas Exporting Countries Forum (GECF) said natural gas is one of the sources of power for Iran in the international arena which needs to be activated

Iran will begin gas exports to Iraq during March 21-June 21, 2016, said the director for international affairs of the National Iranian Gas Company (NIGC)

Vice Petroleum Minister Kazem Vaziri Hamaneh said tapping vast oil and gas resources will stabilize post-santions Irans standing in the international markets

Deputy Petroleum Minister for International Affairs and Commerce said certain regional countries that are unhappy over Iran’s achievements are behind current problems in the global crude oil markets.