Iran's crude sales dived to just 800,000 barrels per day in July, due to Western sanctions, but are likely to have bounced back last month, according to a senior Iranian legislator.
Egypt has ''no objection'' to importing and refining Iranian oil, the state-run Al-Ahram reported, citing Oil Minister Osama Kamal.
A Chinese firm will invest 20 billion dollars in the development of Iran's Azadegan and Yadavaran oil fields, Oil Minister Rostam Qassemi said.
South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran.
Iranian oil exports to Germany have stopped and imports of EU products have been reduced as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday.