A senior Petroleum Ministry official has called for the private sector to step in and help recoverbillions of dollars from going to waste in Irans naturalgas flares. Under-Deputy Oil Minister Mohsen Khojasteh Mehr told a gathering in Tehran on Saturday that the country loses at least 28 million cubic meters of natural gas flowing alongside extracted ...

Iran has discovered 14 billion barrels of crude oil reserves during the first three quarters of the current Persian calendar year (started March 20, 2012), an Iranian deputy oil minister says. In a Monday interview, Mohsen Khojasteh-Mehr noted that during the previous Iranian year (ended March 19, 2012), the country discovered 20 billion barrels of ...