Iran's crude oil and condensate exports in March fell slightly from the previous month as refinery runs picked up but the OPEC producer has managed to clear almost all of its oil in floating storage.

Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country by the end of this week.

Oil Minister Zanganeh announced that agreements have been reached with Russia over signing a crude sale deal to the Eurasian country by March 05.

The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about three times compared to the same period last year.