Gas recovery from Aghar and Dalan gas fields, operated by South Zagros Oil & Gas Production Co. (SZOGPC), hit 4.8 billion cubic meters in the first 5 months since the beginning of the current calendar year on March 20.

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says NIOC has a basket of contract models, including the new model of oil contracts, the buy-back and EPCF models.

Operator of the project for development of South Azaegan oil field Mahmoud Marashi says the National Iranian Drilling Company (NIDC) has won the tender for drilling 20 oil wells in South Azadegan field.

National Iranian South Oil Company has reported it has successfully indigenized building 8,000 key items with wide usage in the petroleum industry during the 3 years that Iranian President Hassan Rouhani has been in office.

The managing director of Russia’s Krasnye Barrikady said on Saturday that his company has won a contract worth $1 billion to construct five offshore drilling rigs for Iran.

Minister of Petroleum Bijan Zanganeh says Iran supports any initiative for management and stability of the world crude markets.

Deputy Managing Director of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said on Saturday that by the end of this Iranian calendar year of 1395 (2016-17), more than three contracts will be signed in the new scheme of the contracts.

Minister of Petroleum Bijan Zanganeh said on Thursday he will take part in the OPEC closed door session, that will be held on the sidelines of the International Energy Forum, in Algeria.

First Vice-President Eshaq Jahangiri issued an executive order on the application of the new type of oil contracts designed to attract foreign investors.

Minister of Petroleum, Bijan Zanganeh, said on Saturday that Iran exports 13 to 14 million liters of gasoline a day and has the capacity to raise the level to 20 million liters in the future.