Iran's exports of crude oil are expected reach 2.5mb/d by the end of the Iranian fiscal year, which concludes on March 20.
Iran petrochemical exports upped by 46% in two years, and exports to Europe are on track to hit the highest level in almost four years and a half.
Shell resumed purchases of Iranian crude, becoming the second major oil firm to restart trade with Tehran after the sanctions were lifted.
Talks are under way with heads and leaders of Iran’s petrochemical holdings in a push to bring their exports together in an integrated manner.
The Philippines has expressed eagerness to engage with Iran’s oil and gas industry by building an LNG plant and purchasing gas from the Islamic Republic.