National Iranian Oil Company (NIOC) has tasked one of its subsidiaries, Naftiran Intertrade Company (NICO), with resuming oil swap operations.

Russian Gazprom Company declared interest to invest in Iran gas industry, Mojtaba Sheikh Bahaei, a deputy head of National Iranian Gas Company (NIGC) said.

Indonesia is ready to buy crude oil from Iran, visiting Indonesian Minister for Energy and Mineral Resources Sudirman Said said.

An Iranian Petroleum Ministry official says the country’s natural gas output has risen by 23 billion cubic meters over the past year.

Foreign companies who want to work in Iran, have the right to choose their Iranian partners, senior Ministry of Petroleum official said.

Japan Cooperation Center, Petroleum (JCCP) has resumed activities in the Iranian oil industry after a six-year hiatus.

An NIOC official announced that the existing oil export contract with Turkey’s largest refinery has been extended.

The latest version of Iran Petroleum Contract(IPC) guarantees transfer of technology to Iran by foreign companies, a senior Ministry of Petroleum official said.

President Hassan Rouhani said on Saturday that Iran will recapture its pre-sanction oil market share in the near future.

After increasing both Irans oil production and exports by about one million barrels per day since elimination of sanctions in mid-January, it is the time to wait for Irans gas surprise.