Minister of Petroleum Bijan Namdar Zangeneh says foreign energy companies are waiting to pounce on Iran’s oil and gas projects once sanctions are lifted.
An Iranian lawmaker says Norway's largest oil producer Statoil ASA had bribed the son of former Iranian President Akbar Hashemi Rafsanjani to secure a contract on the development of a giant oil and gas field in Iran.
Iran’s media reported on Monday that the country has started exports of condensate from South Pars Phases 15 and 16 that have recently been made operational.
India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has replaced Iran with Iraq in its list of oil suppliers and has purchased its first cargo of Basra Light from Baghdad.