Iran exported 220,000 barrel/day of oil products, 12.5% of the countrys refinery output, during the previous Iranian calendar year which ended on March 19.

Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not priority.

Iranian Minister of Petroleum Bijan Zangeneh said Irans crude oil production has crossed 3.8 million barrels per day in the month of Khordad, beginning May 21.

Development of joint oil and gas fields are still top priorities, newly appointed Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said on Monday.

The first deals of the new generation of Iran’s oil sector contracts still need revisions but will be nonetheless awarded within the next few months, Iranian Oil Minister, Bijan Zanganeh said.

Iran is among the advanced producers of gas turbines needed for powerhouses, Irans Energy Minister Hamid Chitchian said.

Deputy oil minister has announced that Japan’s Mitsui Company is eager to cooperate with Iran and that the company may have an active participation in Irans petrochemical sector.

An NIOC official said negotiations with Royal Dutch Shell are still going on in order to reach a final agreement though a single shipment has been delivered to the European company.

Minister of Petroleum Bijan Zangeneh says Iran will continue to ramp up oil production until it returns to levels before sanctions cut its exports.

IOTCO managing director has said Iran is planning to produce customized oil in collaboration with a European company.