Iran plans to produce 4.5 million barrels of oil and gas condensate per day in 2021.
Benchmark oil prices declined on Friday despite expectations of new measures to support the US economy.
Despite the US Department of Energy data on the reduction of oil stocks in the country, quotations fell.
WTI futures have risen in price continuously for six consecutive sessions.
Oil quotations are decreasing because of a possible increase in supply on the market due to the inflow of new volumes of shale oil from the United States.
An international consortium has signed an agreement for exploration and production offshore North Ras Kanayis.
Brent price went down due to the strengthening of the dollar.
A large magnetic mine was found on a tanker anchored by a client of the Iraqi state oil company SOMO.
Oil prices are rising in anticipation of OPEC+ decisions on oil production in February.
Since early December, oil prices went up by almost 6% due to investor optimism over the coronavirus vaccines onset.
On Tuesday oil quotations rise on optimism about new stimulus measures in the US.
Prime Minister of Belarus Roman Golovchenko expects Minsk and Moscow to conclude all oil supply contracts by the end of 2020.