SHANA -- The annual gathering of Iranian oil and gas upstream industrialists is to be held in Tehran on February 23 and 24. The event is being held as the Congress of Drilling Industry of Iran and the International Conference on Exploration and Production at the conference hall of the Islamic Republic of Iran Broadcasting (IRIB). The ...

Irans upstream oil sector needs $130 billion of investment until 2021, Bijan Namdar Zanganeh, the Iranian oil minister, said. Based on the sixth 5-year national development plan, to be implemented in 2016-2021, Irans oil industry will need $200 billion investment in total, Zanganeh said, SHANA news agency reported. He further said that however,...