Lukoil Chief Executive Vagit Alekperov said he would meet Iranian oil minister Bijan Namdar Zanganeh in Moscow on October 3.

Iran announced it is preparing to increase its exports of crude oil to global markets beyond the current volume of 2.2 million barrels per day, saying it would be carried out as a new type of Iranian crude is presented to clients.

The International Energy Agency (IEA) in its latest report on the status of the global energy market said that Iran was the world’s third largest producer of natural gas in 2016.