Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.

An official with the National Iranian Gas Company (NIGC) said the country’s current natural gas production capacity stood at 810 million cubic meters per day.

National Iranian Oil Company (NIOC) has introduced 10 major oil and gas exploration projects in the company’s Exploration Directorate which are moving forward based on schedule.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the international floor of the Iran Energy Exchange (IRENEX) on August 27 for $50.37 per barrel.

South Zagros Oil and Gas Production Company (SZOGPC) has manufactured or repaired the 521 items needed in the oil and gas industry domestically.

The Aghar gas field is among large onshore gas fields in Iran. It is currently producing 20 mcm/d of gas.

Halegan which measures 50 kilometers long and 11 kilometers wide and holds 12.4 tcf or 355 bcm of gas in place is one of dozens of Iranian gas fields whose development was offered to foreign investors.

The Director of Exploration Department of the National Iranian Oil Company (NIOC) announced the start of a new generation of exploration activities in the northeast of the country.

The CEO of the National Iranian Gas Company (NIGC) said that 40 major gas projects would come on stream this calendar year which began on March 2019.

Iranian Minister of Petroleum Bijan Zangeneh issued a decree appointing Mohammad Taeb as the director general of OPEC Affairs at the Iranian Ministry of Petroleum.