Iran's Petropars increased production of butane and propane from the South Pars Phase 19 refinery while commissioning all butane and propane unit's refrigeration compressors.

The Iranian Oil Ministry announced that Petropars company will be awarded a contract worth $ 1.78 billion by the Ntaional Iranian Oil Company (NIOC) for developing the giant Farzad-B gas field.

Petropars Group and the National Iranian Drilling Company (NIDC) have signed a memorandum of understanding on May 5 for future cooperation on oil and gas projects.

National Iranian Oil Company (NIOC) signed 33 oil memorandums of understanding (MoUs) with 28 local and foreign companies after the execution of Iran's deal, also known as the Joint Comprehensive Plan of Action (JCPOA).

Iran's Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy's Stinnes Interoil Italia Srl inked a deal to develop a new oil field in southern Iran.

Iran’s South Pars Gas Field development project will begin producing gas at one of its platforms of Phase 19 by mid-March 2016.