Global benchmark Brent crude had risen 50 cents to $54.67 a barrel.

Oil prices are rising on April 7.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

India is one of our good costumers. but we cannot sign (a) contract under threat.

After the removal of sanctions in January 2016. Iran increased the oil export gradually. up to about 3 mb d in March.

Libya'.s gain means oil market pain.

Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

The share of crude is 2.265 million barrels per day and the remaining is related to gas condensates.

The five phases of the giant South Pars gas field (17. 18. 19. 20 and 21) will boost Iran’s daily gas output by 150 million cu m.