A high-ranking oil industry official said that Iran and Canada are to cooperate on building equipment related to oil industry surface facilities.
Managing director of Masjed Soleiman Oil and Gas Company said the company will boost its output by at least 10% by the end of the current Iranian calendar year to March 20 2017.
The deal for construction of first petrochemical power plant in Mehran was signed on Tuesday between the executor company of Petrosaman Faragostar and Chinese Company CNTIC.
An NIOC official has announced that Iran's sales of crude oil will reach 2mn barrels per day (bpd) in the current year.
Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".
The Italian company of Carlo Maresca S.p.A. is to build a 50-megawatt solar power plant on the southern Iranian island of Qeshm due to its signed agreement with the Qeshm Free Zone Organization, ISNA reported on Sunday.
South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said on Sunday.
Hossein Kazempour Ardebili, Iran’s OPEC (Organization of the Petroleum Exporting Countries) governor, will represent the country’s Oil Ministry in an upcoming meeting on crude output of fellow OPEC members plus Russia in the Qatari capital.
Iran and the EU signed a Memorandum of Understanding (MoU) to cooperate in energy, as the EU Foreign Policy Chief Federica Mogherini visited Iran on Saturday
Central Bank of Iran (CBI) Chief Valiollah Seif stressed that the country has no intention to cap its crude production, adding that OPEC (Organization of the Petroleum Exporting Countries) members are to blame for the tumbling oil prices.