Oil

Iran sanctions have resolved the NITC’s transportation and insurance problems in international trade.

The volume of crude exports has been defined in accordance with OPEC quotas and will continue as such.

US crude stocks rose last week. along with gasoline inventories and distillate inventories.

For the year. the world'.s third biggest oil consumer bought about 473000 barrels per day of oil from Iran.

Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade.

Tehran has prioritized the development of its joint oil and gas fields. especially those shared with Arab neighbors Iraq and Qatar.

The new oil and investment contract for international firms. known as the IPC. will replace Iran’s buyback oil deals.

Any loss of opportunities to exploit existing capacities. especially in joint fields. will give way to neighbors to carry the day.

The country was already on the way to make a stronger oil market recovery.