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.

TEHRAN (Fars News Agency)- With a sense of vindication, Iran’s defenders absorbed the news this week that US intelligence services no longer believe the Islamic Republic has a non-peaceful nuclear drive.