Director for International Affairs of NIOC said that Iran is working on a program that helps convert its spot oil purchase contracts with European partners into long-term agreements.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) is intensifying efforts to recover from oil spill at the Forcados Terminal export pipeline that occurred on 14th February.
Opec heavyweight Saudi Arabia's crude oil exports dropped in December by 362,000 b/d to 6.934 million b/d from 7.296 million b/d in the previous month, official data showed on Wednesday.
A deal aimed at resolving a dispute between Baghdad and Kurdish regional authorities over crude oil exports looked fragile with the semi-autonomous region's Prime Minister threatening to withhold exports.