Iran has set in motion three new pressure booster stations since the beginning of the current calendar year which began on March 20 to ensure sustainable gas supply across the country.

Iran and Indonesia on Thursday signed a Memorandum of Understanding (MoU) for cooperation in oil and gas.

Managing Director of Iranian Central Oil Fields Company (ICOFC) Salbali Karimi said on that he is optimistic about working with Russian companies including Gazprom.

Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia says the Joint Comprehensive Plan of Action (JCPOA) has prepared the ground for Iran-Russia cooperation in various domains, including energy.

National Iranian Oil Company (NIOC) and Russia Gazprom Company signed a Memorandum of Understanding (MoU) for cooperation in study on two oil fields of Cheshme Khosh and Changuleh by the Russian company.

Iran-Russian Energy Committee has convened for the first ever on Monday morning as Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia and Russian Deputy Energy Minister Molodtsov Kirill will attend the event.

Ervin Kroell, senior vice-president of OMVs Middle East and Caspian Department, said his company is interested in joining development projects in Iran.

Head of the Plan and Budget Organization Mohammad-Baqer Nobakht says the revenues gained out of oil sale will be spent on development projects.

Deputy Director of the Exploration Department at National Iranian Oil Company (NIOC), Bahman Soleimani, says early studies on exploration in Oman Sea have yielded good results.

Iran awarded a basic agreement to global energy giant Royal Dutch Shell to study three mega oil and gas projects – an agreement that was hailed in Tehran for its technical and economic benefits for Iran.