An advisor to Iran’s petroleum minister said the new oil contracts to be unveiled next week in a conference in Tehran are drawn on win-win terms considering tough competition for the development of the region’s oil fields

Up to 2040, world oil industry will need more than 10 trillion dollars in investment in order to produce 2 trillion barrels of oil, Secretary General of the Organization of Oil Exporting Countries (OPEC) Abdalla El-Badri said in Tehran

Russian Energy Minister Alexander Novak said the oil market in the world is in a dire state that will take a long time to recover

Petroleum Minister Bijan Zangeneh negotiated exporting LNG from Iran via Omani ports during a meeting here with Omani minister of Oil and Gas Mohmmed bin Hamad Al Rumhi

The Summit Meeting of the Gas Exporting Countries Forum (GECF) is being held while the energy markets are facing “crucial time”, the forum’s Secretary General Mohmmad-Hossein Adeli said on Saturday

With the confirmation of Azeri and Turkmen presidents’ participation in the summit meeting of the Gas Exporting Countries Forum (GECF) to be held in Tehran on November 22, it is expected that the forum’s members will rise to 19 states

Iran has finished installation of platform 19C of South Pars phase 19 to bring production from SPD2 platform to 0.5bcf by winter, operator of the phase said

Crude oil recovery from Khesht oilfield will come online by the end of the current Iranian calendar year (March 21), operator to the fields development projects said

An official at the National Iranian Oil Company (NIOC) says according to the latest estimate, the total volume of the country’s hydrocarbon reserves has increased by one billion barrels due to new discoveries

Iran is hunting out customers in international petrochemical markets it has lost because of the sanctions, managing director of Iran Petrochemical Commercial Company (IPCC) said