Iran says it is likely to claim a major share in regional gas markets in the near future given the repeated calls from leading energy companies to enter the OPEC members LNG and FLNG projects, a senior Iranian gas official said

Iran has launched the International Relations Council within the Ministry of Petroleum in order to supervise the process of technology transfer through the newly introduced Iran Petroleum Contracts (IPC)

Head of the National Iranian South Oil Company (NISOC) says the company has raise extraction of crude oil from the countrys southern oil-rich fields

Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the groups daily output on December 4. The members therefore decided to stick to OPECs policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers

Co-founder and managing partner of CigMan Solutions, a Danish legal consultation company, says years of isolation for Iran in global energy markets are over and the country must prepare itself for hosting international companies which will flock into the country in the post-sanctions setting

A member of the Iranian parliament said Iran will not shut its eyes to recapturing its market share after the sanctions removal even through OPEC decided to stick to its policy to supply as much oil to the market as possible

Well gases at Homa gas field in Parsian operational region from South Zagros Oil and Gas Production Company were equipped with monitoring systems.

Farashband gas refinery was fed by low pressure gases to reduce environmental pollution and to avoid burning gases transmitted to the flare of the refinery.

Managing director of the Iranian Central Oil Fields Company elaborated on 100 thousand barrels per day of oil production enhancement in ICOFC fields after sanctions are lifted.

Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran does not need the permission of any country to increase its crude oil production