Oil

Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.

Iran is ready for any measure contributing to stability in the oil market.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.

Unless a miracle happens and fundamentals change miraculously. an extension is a must and not just an ``option.``

The price drop mirrors the trend in global prices that have been shaky in recent weeks.

Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.

Iran has been producing around 3.8 million bpd of oil in recent months.

Oil exports are expected to reach up to 2.5 million bpd within five years.

Iran for exporting its oil to Americas needs to carry out further studies.

Lukoil and Indonesia’s Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.