Signature of the contract on the development of the Azadegan oilfield, worth $2.8 billion and with an estimated capacity of 36 billion barrels, will guarantee the energy security of Japan for 20 years. The deal is so important that it would have been proper for Japanese Prime Minister Junichiro Koizumi to participate in the signing ceremonies himself.

Industry experts at Seatrade conference have turned their attention to the mixed prospects of multi-billion dollar contracts Iran's offshore oil and gas sector – once sanctions are lifted.

Signature of the contract on the development of the Azadegan oilfield, worth $2.8 billion and with an estimated capacity of 36 billion barrels, will guarantee the energy security of Japan for 20 years. The deal is so important that it would have been proper for Japanese Prime Minister Junichiro Koizumi to participate in the signing ceremonies himself.

Iran is said to be targeting an increase in oil production from 3.85 to 4 million barrels per day by the end of 2016.

The recent price slump has radically changed the investment landscape for oil companies.

The 2026 Iran war and the resulting closure of the Strait of Hormuz, at least to all whom Iran deems as enemies, has led to what the International Energy Agency...

Furthermore, the US government has been active since early September in removing certain obstacles to doing business in Iran.

Iran is one of the most significant producers of crude oil and natural gas in the world.

On August 21, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") announced further sanctions action targeting a global network facilitating Iranian oil exports.

The European Union's 21st sanctions package against Russia introduces unprecedented restrictions on Russian crude oil and petroleum products, potentially suspending a planned price cap increase...

According to the recent report of the Central Bank of Iran, Iran's economy grew 12.5% during April 2016 - March 2017 in comparison to the previous year, under an OPEC deal with the aim of eroding global inventories and lifting crude prices.

Two rounds of talks are slated on the issue of Iran's nuclear program this month. The first will begin on May 14 and will last for two days.

Legal and regulatory framework applicable to operate an oil business in Iran.

The release of the eagerly awaited draft Iranian Petroleum Contract model (the IPC) has received a significant boost in light of the outcome of the recent Iranian elections in February.

Coordinated U.S.-Israel strikes on Iranian assets on February 28, 2026, triggered a rapid escalation in the Gulf region, creating one of the most severe recent shocks to global energy security. How will Iran's retaliation and heightened risks around the Strait of Hormuz impact international markets and geopolitical stability?

The Ministry of Petroleum of the Islamic Republic of Iran is responsible for all kinds of oil and gas activities

Despite huge hydrocarbons reserves, Iran is likely to face significant energy challenges over the next few years.

A brief outline of your jurisdiction's natural gas sector, including a general description of: natural gas reserves; natural gas production including the extent to which production is associated...

Iran holds the world's second-largest natural gas reserves. The natural resources are estimated at 33,988 cubic metres, of which 33% is associated gas and 67% is in non-associated gas fields.