Deputy Minister of Petroleum and Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says his Company is ready to entrust the projects for development of the small- and mid-sized oil and companies to Iranian enterprises.

A senior petroleum official says for the first time in Irans oil history, the country became a sustainable exporter of petroleum products in the current Iranian calendar year which began on March 20.

The managing director of National Iranian Oil Company (NIOC) voiced NIOCs seriousness in implementation of the new framework of oil contracts, saying "nothing would hamper the company in this regard."

Minister of Economy Ali Tayyebnia says there are no troubles with repayment of Irans oil money.

Nearly 1.017 billion cubic meters of natural gas has been injected to Sarajeh gas storage facility, located 40km off central Qom province, since 8 April 2016, a gas distribution official said.

National Iranian Oil Company has plan to sign long-terim contracts with the European customers, the Director for International Affairs of (NIOC) Mohsen Qamsari said.

The most important bottleneck of the oil development industry over the past 100 years has been transfer of technical know-how and using new methods of exploitation based on transfer of experience of the international well-credited companies.

Director of the International Affairs Department at National Iranian Gas Company (NIGC) Azizollah Ramezani said on Monday that talks have been held with a well-credited German company for gas trade.

Managing director of the Iranian Central Oil Fields Company said that in order to optimize the resources, oil and gas production in ICOFC will be field-based and well-based.

Iran welcomes cooperation with Russian oil and gas companies, said Irans Minister of Communications and Information Technology Mahmoud Vaezi in Moscow.