Iran’s Minister of Petroleum Bijan Zangeneh urged using oil recovery for boosting production and increasing the national wealth.

Irans share in the Middle Easts oil products exports has reached 13.7% since January when the Joint Comprehensive Plan of Action (JCPOA)s implementation began.

The new models of contracts known as Iran Petroleum Contracts has raised hopes for the flow of investments to Iranian oil and gas sector, Sohbet Karbuz said.

Norwegian oil and gas operator DNO ASA inked a Memorandum of Understanding with the National Iranian Oil Company (NIOC) on Wednesday to develop Irans Changuleh oil field.

Deputy Minister of Petroleum for Engineering, Research and Technology Mohammad-Reza Moqaddam says Iranian companies are capable of producing oil well equipment, which can be exported to regional countries.

South Zagros Oil and Gas Exploitation Company (SZOGPC) is ready to increase its gas output and supply about 220 million cubic meters a day to the market to afford domestic need in the cold season of the year.

President Hassan Rouhani said on Sunday that oil industry needs to be developed.

Deputy Head of National Iranian Oil Company (NIOC) for Development and Engineering Affairs Gholam-Reza Manouchehri says increase in production of oil fields west of Karoun River has given Iran a solid status in the OPEC.

Iranian President Hassan Rouhani is to attend the official opening of three oil projects on fields Iran shares with neighboring Iraq.

South Zagros Oil and Gas Production Companys experts have managed to successfully indigenize 3 key items in industrial operations.