Iranian Minister of Petroleum Bijan Zangeneh said the country would continue progressing in oil industry despite the current pressure on the country by its enemies.

The CEO of the National Iranian Oil Company (NIOC) said the company was to sign 9 contracts with domestic companies for oil production enhancement and maintenance projects.

Shale oil and gas market has been gathering steam across the globe over the past decade. Many countries, particularly the United States, have developed new technologies to produce and process shale oil and gas.

The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.

The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Iran gas field.

Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.

An official with the National Iranian Gas Company (NIGC) said the country’s current natural gas production capacity stood at 810 million cubic meters per day.

National Iranian Oil Company (NIOC) has introduced 10 major oil and gas exploration projects in the company’s Exploration Directorate which are moving forward based on schedule.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the international floor of the Iran Energy Exchange (IRENEX) on August 27 for $50.37 per barrel.

South Zagros Oil and Gas Production Company (SZOGPC) has manufactured or repaired the 521 items needed in the oil and gas industry domestically.