Transparency in contracts with domestic companies operating in the oil and gas industry cut the cost of domestic petroleum projects by 20% in fiscal 2017-2018 compared to the previous year. an official at the Iranian Offshore Oil Company (IOOC) said. Openness and transparency in tenders for domestic projects in the …

Iran is pushing with plans to play a bigger role in the global energy mix.

OPEC will review policy for the second half of this year at a May 25 meeting.

Azadegan'.s in-place oil is estimated at 33.2 billion barrels.

There is an opportunity for transit cooperation with Georgia by connecting the Black Sea to the Persian Gulf and the Indian Ocean.

Iran is among few countries who enjoy access to feedstock. international markets as well as proximity to water resources.

Most countries want OPEC'.s decision to be extended

Iran’s non-oil exports had 33% growth during the first eleven months of the last Iranian calendar year.

The Iranian Navy has been conducting anti-piracy patrols in the Gulf of Aden since November 2008.

Asia'.s fourth-largest economy brought in 12.68 million tons of crude oil in March this year.