Irans Ambassador to Islamabad Mehdi Honardoost says Iran can start gas exports to Pakistan by 2017.

Irans Charge DAffair in London Mohammad-Hassan Habibollahzadeh says Iran wants to absorb foreign investment in its energy sector.

An NIOC official said Iran’s oil exports to Japan have increased significantly since the beginning of the current Iranian year (began March 20).

A number of leading companies from the UK, Germany and Switzerland have voiced their readiness to join downstream energy projects in Iran, an Iranian official said.

Irans crude oil recovery from Forouzan Oilfield, which it shares with Saudi Arabi in Persian Gulf waters, has reached 763 million barrels, 24% of the fields total oil output.

Iranian Minister of Petroleum Bijan Zangeneh said Iran has managed to recapture a major portion of the share it lost in the global oil market because of the US-led sanctions on Tehrans nuclear program, adding that "contrary to what some had speculated, Irans return to the market did not reduce the prices."

Bidboland Gas Refinery has increased its processing capacity by three times since 2013, the refinerys managing director said.

Iran exported 220,000 barrel/day of oil products, 12.5% of the countrys refinery output, during the previous Iranian calendar year which ended on March 19.

Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not priority.

Iranian Minister of Petroleum Bijan Zangeneh said Irans crude oil production has crossed 3.8 million barrels per day in the month of Khordad, beginning May 21.