Iran is considering pumping natural gas to SOCAR's facilities during the summer months, for storage purposes until it is resupplied to Iran's northern provinces in winter.
Iran and Armenia are expected to create a free economic trade zone that is going to expand relations between Iran and the Eurasian Economic Union (EEU).
Iraq's government will consider selling crude exports through Iran, if the country's negotiations with the autonomous Kurdish region on an oil revenue-sharing agreement fail.
Iran’s Vice President, Eshaq Jahangiri, said that he signed an authorization for the Ministry of Petroleum to use the new format of the Iran Petroleum Contract (IPC) for oil and gas deals.