An Iranian official says that the country is teeming in oil exploration potentialities.

The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects.

The deputy NIOC director of development and engineering affairs said Iran was fully self-sufficient in exploration activities.

The National Iranian Oil Company (NIOC) announced the discovery of a new gas field south of Fars Province, southern Iran.

Iranian Minister of Petroleum Bijan Zangeneh said that the Gas Exporting Countries Forum (GECF) was performing its duties in the global arenas.

Iranian Minister of Petroleum Bijan Zangeneh said the country would continue progressing in oil industry despite the current pressure on the country by its enemies.

The CEO of the National Iranian Oil Company (NIOC) said the company was to sign 9 contracts with domestic companies for oil production enhancement and maintenance projects.

Shale oil and gas market has been gathering steam across the globe over the past decade. Many countries, particularly the United States, have developed new technologies to produce and process shale oil and gas.

The CEO of the East Oil and Gas Production Company said that plans were under way to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran.

The National Iranian Oil Company (NIOC) CEO said that the company’s priority was to tap domestic capabilities for developing Iran gas field.