Iranian Oil Terminals Company (IOTC) has launched its fourth single buoy mooring (SBM) in order to boost the country's gas condensate exports, IOTC managing director said.

Deputy Iranian oil minister, while noting that oil sales have begun to Poland’s second largest refinery, said relevant negotiations have kicked off with another refinery complex of the eastern European country.

Russia’s Minister on Energy Alexander Novak announced that Iran and Russia have signed into several investment contracts in recent days.