Egypt looks to Iran’s ramp-up of oil production which could boost the Arab nation’s proceeds from transit of crude through the SUMED pipeline, its petroleum minister has said.

France’s Total and Russia’s Lukoil are in a new round of talks with the National Iranian Oil Company (NIOC) and have reached a preliminary agreement on oil purchases from Iran, a senior energy official says.

Iran has prepared its biggest oil export terminal on the Kharg Island for stepped-up shipments of crude in time for the lifting of sanctions, an official says.

Asian imports of Iranian oil in August rose by 10% from a year ago, with China accounting for half of the more than 1 million barrel per day of crude lifted, a new agency reports.

Iran sees its oil exports rising by 500,000 barrels per day by late November or early December much sooner than some in the West expect, a senior energy official says.

Iran’s oil production will reach 4.2 million barrels per day by the end of 2016, Minister of Petroleum Bijan Zangeneh has said.

Iran’s crude oil in offshore floating storage is less than 10 million barrels, a senior energy official says, dismissing foreign media estimates of higher volumes as “psychological warfare”.

South Africa plans to build an oil refinery which will use Iranian crude, Deputy Oil Minister Thembisile Majola says.

Iran and South Africa have signed an initial document for crude oil sales, pending the lifting of sanctions on Tehran for exports to resume, a senior Iranian oil official says.

Conclusion of Iran's nuclear talks can have major effect on international oil market: Report