Oil products consumption reached 70 Mt in 2020, and Iran exported 18 Mt of petroleum products.

A meeting between His Excellency Mr. Mohammad Eslami, Vice-President and the Head of Atomic Energy Organization of the Islamic Republic of Iran (AEOI) and His Excellency Mr. Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA) took place on September 12, during his visit to Tehran.

Amid Ongoing Talks to Fully Restore 2015 Nuclear Deal, United States Should Lift or Waive Sanctions against Iran, Political Affairs Chief Tells Security Council

"Japanese refiners will buy Iranian crude. Iranian crude is impossible to replace by other grades and are unique,"

"The main issues, oil sanctions, petrochemical sanctions, shipping sanctions, insurance and so on and so forth, Central Bank and banks ... have been wrapped up," Iranian President Hassan Rouhani said on state television

Iran, an OPEC member whose oil exports have dwindled since the re-imposition of US sanctions in 2018, began in April indirect talks with the US in Vienna amid hopes for Washington to rejoin the 2015 Joint Comprehensive Plan of Action nuclear deal.

Basrah Gas Co., which counts Shell, Mitsubishi Corp. and Iraq's state-owned South Gas Co. as shareholders, will boost its production to 1.4 Bcf/d from the current 1 Bcf/d by 2025 at a cost of $3 billion,

“We are on the right track and some progress has been made, but this does not mean that the talks in Vienna have reached the final stage,” Foreign Ministry spokesman Saeed Khatibzadeh told a weekly news conference in Tehran.

The governments of France, Germany and the UK on 14 April responded to Iran's plans to enrich to 60% with "grave concern",

Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.

Iran met in Vienna with the remaining signatories of the deal – the EU, UK, France, Russia, China and Germany. While the US was also in Vienna, it did not participate directly in those talks but met separately with the deal signatories in a different part of the city.

Iranian crude production has risen in recent months, hitting 2.14 million b/d in February, a 190,000 b/d increase from a 33-year low of 1.95 million b/d in August.

"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"

Iran, which sits on the world’s fourth-largest oil reserves, relies heavily on oil revenue, but sanctions have prevented it from pumping at anywhere near capacity since 2018.

The contracts, worth a total of $1.2 billion, were signed on Monday in the presence of Iranian Minister of Petroleum Bijan Zangeneh,