A senior Iranian oil official says the country has plans to bring its oil recovery rate to an average of 40% in a 30-year period.

The National Iranian Oil Company (NIOC) has released the list of 29 qualified foreign oil and gas exploration and production (E&P) companies for attending tenders ...

Iran says it is now producing more natural gas than crude oil.

The Gas Exporting Countries Forum will launch its Global Gas Outlook 2040 on Tuesday 17th of January 2017 at the headquarters of the Forum in Doha, Qatar.

Deputy Managing Director of National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri says 10 to 12 Memoranda of Understanding (MoUs) will be signed in oil industry related areas with foreign companies.

Indonesian President Joko Widodo says Indonesia will soon contribute to development of Ab Teymour and Mansoori oil fields in Iran in partnership with Iranian counterparts.

ICOFC managing director has announced that 20 projects for development of oil and gas fields or enhancement of oil recovery will be put out to tender.

PETRONAS today signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to collaborate in a field study in South Azadegan and Cheshmeh Khosh oilfields.

Director General of Europe, American and Caspian Neighbors Department at Ministry of Petroleum Hossein Esmaili says Greece is interested in gas purchase from Iran.

"Prior to the Joint Comprehensive Plan of Action (JCPOA), we were not allowed to sell more than one million barrels of oil and even the grip was to be further tightened but now, thanks to successful diplomacy of the current government...