Iran says it holds 711.53 billion barrels of crude oil in-place of which 102.44 billion barrels are recoverable.

A senior Iranian oil official says Iran has exported over 50 million barrels of gas condensate since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016.

Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Irans crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017.

A senior Iranian oil official says Iran and Frances energy giant Total are in talks for developing upstream oil projects in Iran.

A senior Iranian petroleum official said most of the legal barriers in international trade with Iranian partners have been removed in light of implementation of the Joint Comprehensive Plan of Action (JCPOA).

Iran is currently recovering 115,000 barrels of crude oil from Yadavaran oilfield which it shares with neighboring Iraq, operator of the field said.

Iran is to launch 270 kilometers of the 6th Iran Gas Trunkline (IGAT-6) on Tuesday in order to ensure sustainable gas supply to western provinces of the country and exports to Iraq.

Iranian Minister of Petroleum Bijan Zangeneh said crude oil suppliers are content with the price of oil in the range of 55 to 60 dollars a barrel, adding the market is moving towards restoration of supply-demand balance.

Iranian Minister of Petroleum Bijan Zangeneh says Irans crude oil output is at 3.9 million barrels per day.

An Iranian oil exploration and production (E&P) has signed a memorandum of understanding (MoU) with Austrias OMV for cooperation in upstream oil projects in Iran.