Deputy Minister of Petroleum for International and Commercial Affairs Amir-Hossein Zamaninia said on Saturday that Japan has set aside 10 billion dollars in credit for investment in Iranian economic sector and the sum will soon be reimbursed.

Indonesia has called on Iran to remove impediments to expansion of the two-way ties in the oil and gas sectors.

Managing Director of National Iranian Gas Export Company Ali-Reza Kameli said that foreign companies have announced readiness to enter venture project with Iran for LNG production.

Iranian Minister of Petroleum Bijan Zangeneh said Iran will be exporting 3mcm/d of natural gas to neighboring Armenia by 2018 from the current 1mcm/d.

Deputy Director of the Optimization of Energy Consumption Department at National Iranian South Oil Company Hassan Rajabalipour said on Tuesday that the first contract for daily sale of 42 million cubic feet of associated gas to private sector was signed.

More than five million barrels of crude recovered from North Azadegan joint field have been exported since about 100 days ago.

A gas official, while pointing to the 50-percent surge in Iran’s condensate exports, said giant oil tankers can now moor at Assaluyeh terminal.

IOTC managing director has outlined Iran as the most dependable Persian Gulf littoral country for investments in oil and gas arenas.

In time with falling crude prices to below 50 dollars a barrel, oil and gas well drilling in Iran has experienced an increase since the beginning of current Iranian year (began March 20).

Operator of Azar oilfield drilling project in National Iranian Drilling Company (NIDC) Mehran Mafrashi says drilling project in the joint field has had 70 percent progress.