TEHRAN (Tasnim) A former Iranian oil official said the country has succeeded to attract $1.5 billion of foreign and local investment for energy projects each month over the past two years. Former Managing Director of the National Iranian Oil Company (NIOC) Ahmad Ghalebani said, Over the past two years, the NIOC has attracted a monthly average ...

[caption id="attachment_27590" align="alignright" width="300"] A view of Iran's South Pars Gas and Oil Field[/caption] A senior Iranian oil industry official says the Islamic Republic has discovered a large gas field with 260 billion cubic feet (bcf) of in-place reserves in western Iran. Managing Director of the National Iranian Oil Company (NIOC) ...

By Reuters (Reuters) - Iranian Deputy Oil Minister Ahmad Ghalebani said on Thursday that crude exports from the country will fall to 1.3-1.4 million barrels per day within the next few months. "We will cut exports by 1 million (barrels per day) to 1.3-1.4 million barrels per day within the next few months," he said via an interpreter in Moscow....