Oil

OPEC oil output also decreased by 220.900 b/d to 33.085 in December month-to-month.

The research institute has played a key role in the production and export of science and technology in oil.

NITC has leased 30 of its tankers to foreign companies since JCPOA implementation.

Iran'.s refineries are in a state of disrepair after years of sanctions which prevented access to parts and new technology.

The global gas demand is expected to increase by 50 percent by 2040.

Iran is now pumping around 3.8 million barrels per day of oil and condensate.

Iran'.s oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year.

Iran exported an average of 2.57 million barrels of oil daily in the period between March and December 2016.

Implementation of the JCPOA will lead to removal of all sanctions against Iran.

Abadan Petroleum Museum Park and luxury houses would be ready by March next year.