The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.
A senior Iranian energy official says the Islamic Republic is prepared to export natural gas to European countries seeking to diversify their energy sources and gas supplies.
Iranian Minister of Petroleum Bijan Zangeneh said Iran's crude oil production has crossed 3.8m barrels per day in the month of Khordad, which began on May 21.
A number of experts affiliated to the International and Commercial Department of the Petroleum Ministry urged supply of global market demand for heavy crude oil by Iran.
Pakistan has not fulfill its commitments towards construction of a gas pipeline with Iran (IP) so far under the pretext ofsanctions, despite more than one year since the deadline specified in the contract. Now a high ranking Pakistani official says that there will be no problem and pressure from any third party to hinder construction of the pipeline upon lifting of sanctions.
The pipeline set up to take Iran's natural gas to the neighboring country Iraq is ready for operation, says managing director of the Iranian Gas Transmission Company.
Iran’s energy minister on Thursday inaugurated a project to build the Middle East’s largest solar plant in the country’s southeastern province of Kerman.
The Iraqi government says it may consider shipping crude through Iran if talks with the local Kurdish administration on oil revenue sharing fall apart.
Iran says it has launched the largest gas storage facility in the Middle East in the northeastern province of Razavi Khorasan.
The Indian government is reportedly determined to seal a deal with Tehran on laying a direct undersea gas pipeline from Iran to India.