Iran was the only country allowed to slightly boost output.

NIOC says a second list of qualified companies will be made available soon.

Russian companies have indicated interest in Iran’s gas development projects.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The average production of oil during the first 6 months of the year should stand at the established quota.

The NIDC owns 75 light. heavy and ultra-heavy onshore and offshore drilling rigs.

Riyadh will keep the oil output level at under 10 million barrels per day by the end of winter.

Iran has stepped up efforts in recent years to enhance its non-oil exports and reduce dependency on its oil revenues.

Iran and Oman have agreed to conduct joint venture in Chabahar Free Trade Zone.