Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in its despite than was previously estimated in the field's 2008 master development plan (MDP).
Iran’s oil exports to Asian countries have increased by 50% in the third month of the current year compared the corresponding period last year.
Siraf Refinery Project, comprising 8 gas condensate mini-refineries, will generate 10,000 jobs, said a senior official related to the project.
NIORDC’s managing director said the volume of Iran’s gasoline exports has increased twofold since the beginning of the current Iranian calendar year [20 Mar 2016].
Iran's crude exports in the first two weeks of April increased by about 600,000 bpd compared to that in the same period the previous year.
Iran has begun negotiations with American and Canadian oil companies on petrochemical sales, technology purchases, as well as investment in the country’s oil and gas industries.
First Vice-President Eshaq Jahangiri said that the Rouhani Administration is planning to invest $200bn dollars in oil sector in a push to develop the industry by employing new technologies.
Iran has joined the club of countries which own shale oil and gas reserves, a senior Iranian oil official said.
South Korea’s Hyundai Engineering Company (HEC) will ink a contract to construct a 500-megawatt power house in Iran.
Qazvin provincial officials and Italian investors have signed a deal which will build a 1000-mW solar power plant and photovoltaic panels.