Oil

Oil output in the Iranian field has reached 50 thousand barrels.

Iran’s exports of gas condensate through 2016 stood at an average of 611.522 barrels per day.

The price of OPEC'.s basket of 13 crudes stood at $52.30 a barrel on Thursday. the 13-member organization said in a statement.

The OPEC agreement is expected to leave a positive effect on Iran'.s oil revenues.

NIOC must have approved of all firms with which a cooperation agreement has been inked.

In 2010. Iran stopped oil swaps with Kazakhstan. Turkmenistan and Azerbaijan.

Essar'.s total crude imports in December rose by about 45% to 448.900 bpd.

Iran holds expansion of relations and cooperation with Asian countries. including Sri Lanka. in high regard.

Russian companies have reportedly signed deals to study seven Iranian oil and gas reservoirs.

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