Iranian President Hassan Rouhani signed off on commissioning Azar oil field development project with a daily production capacity of 65,000 barrels of crude oil.

The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.

New research published by DNV GL finds that the oil and gas industry expects to boost investment in the energy systems of the future this year, as companies seek to transform for the long term.

The CEO of the Iranian Central Oil Fields Company (ICOFC) voiced his companys readiness to bring back its production capacity to the pre-sanctions era.

The Canada-built PMP radio surveillance system of Agar and Dalan operational region have been localized, saving the country Rls. 1 billion.

Iranian Minister of Petroleum Bijan Zangeneh says the country is able to supply 80% of the items and parts used in the petroleum industry.

The CEO of the National Iranian Gas Company (NIGC) said the countrys natural gas production capacity had reached 1 billion cubic meters per day.

The Deputy CEO of the National Iranian Oil Company (NIOC) for Development and Engineering Affairs said: "We always welcome interaction with the world and Iranian companies welcome interaction and competition with foreign companies and regard it as a factor for growth and better performance."

The Iranian Central Oil Fields Company has started forging 16-inch pipes to transfer sour gas from Dehloran, Danan and Azar fields to the 3100 liquefied gas and gas plant.

Investment in natural gas projects across the Middle East and North Africa will rise, even as the coronavirus pandemic damps demand for the fuel, according to Arab Petroleum Investments Corp.