The first deals of the new generation of Iran’s oil sector contracts still need revisions but will be nonetheless awarded within the next few months, Iranian Oil Minister, Bijan Zanganeh said.

Iran is among the advanced producers of gas turbines needed for powerhouses, Irans Energy Minister Hamid Chitchian said.

Deputy oil minister has announced that Japan’s Mitsui Company is eager to cooperate with Iran and that the company may have an active participation in Irans petrochemical sector.

An NIOC official said negotiations with Royal Dutch Shell are still going on in order to reach a final agreement though a single shipment has been delivered to the European company.

Minister of Petroleum Bijan Zangeneh says Iran will continue to ramp up oil production until it returns to levels before sanctions cut its exports.

IOTCO managing director has said Iran is planning to produce customized oil in collaboration with a European company.

Several foreign companies have declared interest in cooperation with Iran in construction of technical petroleum equipments, senior official said on Tuesday.

The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.

Norway’s oil and gas giant Hemla Vantage seeks to seal a $600 million energy deal with Iran on the production and export of liquefied natural gas (LNG) and liquefied petroleum gas (LPG), a report says.

National Iranian Oil Company (NIOC) has tasked one of its subsidiaries, Naftiran Intertrade Company (NICO), with resuming oil swap operations.