Deputy Oil Minister and head of the National Iranian Gas Company Javad Owji describes the deal.

VOA: standard.2010.07.23

However, if the National Iranian Oil Company (NOIC) sells it natural gas outside of Iran, it turns a profit.

FORBES: Mullahs Gone Wild

Sinopec, the Chinese oil giant, and the National Iranian Oil Company (NIOC) signed an agreement to explore oil in Zavareh, Kashan, 205 kilometers south of Tehran.

CENTERFORSECURITYPOLICY: Center For Security Policy

It was only in 2003 when both nations started to make energy sector deals that the National Iranian Oil Company granted Brazil's oil giant Petrobras rights to explore Iran's offshore oil reserves in the Persian Gulf.

CENTERFORSECURITYPOLICY: The growing concern of Brazil & Iran