NIOC plans to drill 300 wells at the South Pars oil layer, which requires improved recovery (IOR) and enhanced recovery (EOR) technologies to reach oil.

A commentator says Russia will be constructing the Bushehr units which is a very ambitious sweeping program and that is a really good sign and it shows that things are normalizing to some great extent.

Indonesia’s state-owned Pertamina says it will sign an agreement with the National Iranian Oil Company (NIOC) next month to develop two oil and gas blocks in Iran.

Iran has reportedly named five domestic oil majors to work with international energy giants.

The Rockefeller family has gotten engaged in a row with several US states over Exxon Mobil Corp.

Iranians are a people sitting atop underground resources from petroleum to minerals. Mines come in a close second after gas and oil in Iran.

Saudi Arabia is set to pump even more crude into an already saturated oil market.

The 21st Iran International Oil, Gas, Refining and Petrochemical Exhibition has kicked off in the capital Tehran.

Iranian and German companies have inked some MoUs on natural gas and oil cooperation.

Indian Oil Minister Dharmendra Pradhan will visit Iran in the coming days for important talks, the Iranian Ministry of Petroleum says.