TEHRAN (Fars News Agency7)- The United States should drop sanctions imposed on Iran following a US intelligence report that Tehran was not seeking nuclear weapons, Iranian Oil Minister Gholam Hussain Nozari said on Wednesday.

TEHRAN (Fars News Agency)- Iran needs $150-$160 billion investment in its oil and gas sector to boost output capacity over the next seven years, Iranian Oil Minister Gholam Hossein Nozari said on Wednesday.

TEHRAN (Fars News Agency)- Hungry for acquiring more oil and gas assets abroad, India’s ONGC Videsh Ltd (OVL) is set to ink an understanding with the Hinduja Group for jointly exploring the possibilities of acquiring acreages overseas.