Oil

In addition to Iraq. products were exported to Turkey. Afghanistan. Georgia and Turkmenistan.

NITC operates one of the world'.s largest tanker fleet ahead of regional rival Saudi Arabia as well as Qatar. Oman and the UAE.

Iran'.s untapped hydrocarbon market is lucrative enough to appeal to lots of international companies.

Oil market sources said that they expect to see China’s imports of crude oil from Iran to surge to a record high in 2017.

Director of International Affairs of NIOC presides over selling country'.s oil.

Iran is also looking to use the opportunity to push into new markets in Europe.

Iran won an exemption from the group'.s production cuts agreed to on Nov. 30 to raise output slightly.

The first and largest oil agreement between Iran and South Korea has been sealed.

Philippines was one of Iran'.s oil customers in the past and is now holding talks for restoring purchases from the OPEC-member oil producer

Global oil and natural gas prices are expected to remain volatile again in 2017.