Iran says its proven in-place oil and gas reserves are higher by 30 billion barrels and 128 trillion cubic feet, respectively, than 2011 estimates.

The National Iranian Oil Company (NIOC) and Malaysias Bukhary International Ventures (BIV) have signed a memorandum of understanding (MoU) for carrying out studies over Irans Golshan and Ferdowsi fields.

An Iranian gas official says Iran will mostly likely be exporting natural gas to Oman by 2020.

Iranian Minister of Petroleum Bijan Zangeneh described the oil market reaction to Organization of the output cut plan of the Petroleum Exporting Countries (OPEC) as desirable, saying the current trend is expected to continue.

Iranian Minister of Petroleum Bijan Zangeneh and his Omani counterpart Mohammed bin Hamad Al Rumhy held energy talks in Tehran on Tuesday.

Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the company has defined 70 downstream petrochemical projects and is ready to introduce them to interested financiers.

Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor says new discoveries have placed Irans total in-situ oil reserves at least 15 billion barrels higher than previous estimates.

Iranian Minister of Petroleum Bijan Zangeneh says export of petroleum products is an approach adopted by the Iranian Ministry of Petroleum.

Iran says it holds 711.53 billion barrels of crude oil in-place of which 102.44 billion barrels are recoverable.

A senior Iranian oil official says Iran has exported over 50 million barrels of gas condensate since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016.