Bijan Namdar Zanganeh

Iran’s petroleum minister has called on well-known foreign energy firms to make investment in projects to explore and extract oil resources in Caspian Sea, north of Iran.

Iran’s oil minister has criticized a number of lawmakers for their opposition to a recent gas deal between Iran and the French energy giant Total.

Iranian Oil Minister Bijan Namdar Zangeneh said a long-delayed gas deal between Tehran and French oil major Total is expected to be signed soon.

Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.

Iran’s media have hailed what is seen at home as the country’s “victory” in multiple-month negotiations with rivals and allies at the Organization of the Petroleum Exporting Countries (OPEC) over a proposed plan to reduce production and boost the prices.

Iranian Oil Minister Bijan Namdar Zanganeh announced that phase 12, the biggest development phase of the massive offshore South Pars gas field, south of Iran, will double gas production by the next month.