Oil

OPEC officials have repeatedly said the group does not target a specific oil price.

Iran would be able to import goods from Russia instead of being paid in cash in return for the oil.

Iran will increase its oil exports from the current 450.000 barrels per day to 600.000 barrels per day.

The Ministry of Petroleum should increase the country’s strategic reserves of oil and natural gas .

India'.s imports more than tripled to 554.600 bpd. topping China'.s for the first time since November.

The tender is organized by National Iranian Oil Company (NIOC).

Iran’s exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011.

SOCAR drilled 11.150 meters in January 2017. as compared to 9.810 meters in the same month of 2016.

The oil market needed every barrel which cut-exempt Iran. Libya and Nigeria could produce.

Iran can draw on Pertamina'.s experience in this field.