EghtesadOnline: Deputy minister of petroleum for international and commercial affairs said on Saturday that given the enthusiasm shown by foreign companies for engaging in Iran’s oil sector, the industry will experience a great boom in the next two years.

EghtesadOnline: After the easing of international sanctions and gradual normalization of trade ties with foreign firms, most of the equipment and machinery for the oil sector, held overseas, was released and delivered in Asalouyeh, Bushehr Province, managing director of Pars Oil and Gas Company (POGC) said.

EghtesadOnline: Russia’s Zarubezhneft presented the result of its technical surveys on two Iranian joint oilfields with Iraq in a meeting in Tehran on Monday.

EghtesadOnline: Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign investment and technology, a senior oil official says.