TEHRAN, Aug. 20 (UPI) -- Though declining to specify exactly where, the outgoing Iranian oil minister announced the discovery of a giant oil field as a new government takes shape.

TEHRAN, Aug. 18 (UPI) -- Sanctions targeting gasoline suppliers to Iran would fall short of their objectives as the country has the ability to meet its needs, the oil minister said.

WASHINGTON, July 24 (UPI) -- Iranian Oil Minister Gholamhossein Nozari announced that Iran has identified 46 offshore oil fields in its Caspian territorial waters.

TEHRAN, July 24 (UPI) -- Iranian President Mahmoud Ahmadinejad inaugurated the semi-floatable Iran-Alborz drilling rig in its territorial waters of the Caspian Sea.

TEHRAN, July 20 (UPI) -- Iran plans to diversify its export strategy for natural resources to move away from commitments to crude oil as officials predict static market conditions.

TEHRAN, May 27 (UPI) -- Crude oil prices of around $80 per barrel are needed to stimulate investments in the field of oil production, the Iranian oil minister said.

TEHRAN, May 15 (UPI) -- Increased energy demand in China and India should drive oil prices higher as OPEC is expected to call for further production cooperation, Iran said.

TEHRAN, May 8 (UPI) -- Iranian Oil Minister Gholamhossein Nozari offered vague details Friday on possible German ventures into the Iranian energy sector.

BERLIN, May 7 (UPI) -- An Iranian delegation in Berlin encouraged German commercial executives to invest in the Iranian energy sector as Tehran claims moves toward self-sufficiency.