TEHRAN May 07 (NIPNA)--First-vice President Es'haq Jahangiri has said the new contract model that is being devised by the Iranian petroleum ministry is expected to attract more foreigners to invest in Iran's petroleum projects amid rising hopes for the removal of western sanctions on the country.

TEHRAN May 07 (NIPNA)--The 20th Iran Oil Show officially started its work at Tehran's permanent fairground on Wednesday. The event will run until Saturday May 9 2016.

TEHRAN May 07 (NIPNA)--Iranian Minister of Petroleum Bijan Zandeneh has said there are over 70 billion dollars' worth of under-construction petrochemical projects in Iran.