Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.

The Atlas of Irans oil and gas fields which were explored after the 1979 Islamic Revolution was unveiled by the National Iranian Oil Company (NIOC)s exploration department.

Iranian President Hassan Rouhani announced the discovery of a new oilfield in the south-western province of Khuzestan.

Iran is considering liquefied natural gas (LNG) projects in order to generate more revenues from its abundant natural gas reserves.

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.