Vice president of Denmarks Maersk said the company is gearing up to engage in Irans upstream oil projects in the wake of the removal of the western sanctions on the countrys energy sector

Majlis Vice-Speaker Mohammad-Hassan Abutorabifard said on Wednesday that the current downward trend in the price of crude oil is a golden opportunity for Iran’s economy not a threat

Iran plans to export its natural gas condensates stored in floating storage tankers, instantly following the removal of Western sanctions.

Iranian Minister of Petroleum Bijan Zangeneh and Danish Foreign Minister Kristian Jensen are going to negotiate over expansion of bilateral ties in the field of oil industry on Tuesday.

A senior Iranian oil market expert says the price of oil will gradually rise in 2016 but will not cross $60 per barrel before 2020

Iran will earn 20 million dollars a day once phases 15 and 16 of the supergiant South Pars gas field

Research Institute of Petroleum Industry (RIPI) achieved the technology to produce cementing plugs used in deep oil and gas wells breaking the monopoly of American firms in the industry

Iran has installed a new gas-liquid separation center at Shourijeh Gas Storage Facility which boosts recovery from the facility by nearly 12mcm/d.

Managing director of the National Iranian Oil Company (NIOC) says the country will see the second JCPOA take shape in the oil and gas industry after the sanctions removal

Director General of Strategic Planning in the Ministry of Petroleum said Iran’s oil industry requires 150 billion dollars of investment during the Sixth Development Plan (2016-2022)