EghtesadOnline: The National Iranian South Oil Company has devised plans to expand 27 hydrocarbon reservoirs in the oil-rich Khuzestan Province by raising $4.3 billion in finances, the planning manager of NISOC said.

EghtesadOnline: Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017) as Russian companies expressed interest in developing Iran’s hydrocarbon reservoirs.

EghtesadOnline: Iran will miss out on substantial revenues from oil and gas fields unless it raises the rate of recovery from its underground hydrocarbon reservoirs with the help of advanced technical know-how, the former head of a committee responsible for designing the new Iran Petroleum Contract said.