Chinese SINOPEC and CNPC are to continue cooperation with Iran in the second phase of projects to develope North Azadegan and Yadavaran fields.

Senior economist Saeed Leilaz says conclusion of new oil and gas contracts with the foreign companies, which hold capital and technology, is necessary and not a single moment of delay in...

Irans commercial attaché to South Africa Mehrdad Siaydat Nasab says Irans exports to South Africa have increased in the post-JCPOA era.

Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that more than 2,100,000 barrels of crude oil were exported in July.

National Iranian Oil Company (NIOC) issued a statement saying that the new oil contract model does not assume any ownership rights for developers who will only be paid upon NIOCs decision at the time the work is done.

A senior Iranian gas official says studies have begun by Iran and Oman on the deep-water route of a pipeline that is supposed to transfer Iranian natural gas to Oman.

Managing Director of Irans Central Oil Fields Company (ICOFC) Salbali Karimi says after the Joint Comprehensive Plan of Action (JCPOA)his companys oil production rose to 180,000 bpd in Iranian month of Aban (October 22-November 20) from 106,000 bpd almost six months ago.

A senior petroleum official says over 21 civil projects have been launched ever since the beginning of the current Iranian calendar year which began on March 20.

Managing Director of the Iranian Central Oil Fields Company (ICOFC) Salabali Karimi says Iran will keep raising crude oil production from its central fields throughout the current Iranian calendar year which began on March 20.

Deputy Minister of Petroleum for Trade and International Affairs Amir-Hossein Zamaninia says negotiations have been held with foreign companies to sign mega oil and gas projects by March 20, 2017.