Iranian Minister of Petroleum Bijan Zangeneh said Iran is prepared to increase its oil exports to Indian refineries with support from the Indian government after removal of sanctions on Iran.
The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.
Iran says it expects to finalize talks with the French energy giant Total over the development of a major petrochemical project in the near future.
Iran will add 3 million liters of gasoline to its daily production once a new gasoline project comes on-stream at Bandar Abbas Refinery in a few months.
Iranian Minister of Petroleum Bijan Zangeneh has said the country will launch phases 17 and 18 of the supergiant gas field by the end of the current Iranian calendar year to March 19.
An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehran's nuclear program, an official said.
Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output to 4 million barrels a day, from the current 3.2 mbd, by the end of the current Iranian calendar year which began on March 20و adding the country eyes to boost oil exports to 2.25mbd by then.
The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.
Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.