Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said Iran is determined to develop its oil and gas industry because the country’s production is not proportionate with its hydrocarbon reservoirs

Well no.64 in Shorijeh D reservoir in Khangiran Operational Region was officially inaugurated

Minister of Petroleum Bijan Zangeneh said that Iran’s oil industry’s upstream and downstream sectors require investments upto 200 billion dollars stressing that foreign resources should be attracted because domestic resources are not sufficient to provide for the investment

Iranian and Italian industrialists signed a contract to jointly invest in construction of a factory to provide strategic oil industry items

Executive vice president for corporate technology in the German firm Siemens said following implementation of the nuclear Joint Comprehensive Plan of Action (JCPOA) and removal of sanctions, the legal barriers on delivery of Iran’s oil industry equipment have been lifted

Managing director of the South Zagros Oil and Gas Production Company said the company has planned to drill 10 new wells to stabilize gas production in the next winter

Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said that the multi-national oil and gas company Royal Dutch Shell is pay back its arrears in oil purchase from Iran as soon as banking requirements are facilitated

Managing Director of the National Iranian Gas Company (NIGC) said that cooperation with major international energy firms such as Italy’s Saipem and Russia’s Gazprom are increasing in the wake of removal of sanctions

An industrial delegation from Germany will visit Tehran on Wednesday to discuss future cooperation with an Iran fresh from removal of stifling sanctions

Iran has taken final steps to start producing 85,000 barrels of oil a day from the Yadavaran Field jointly held by neighboring Iraq, said administrator of the field’s development project