Iran in talks to export four million barrels of oil per month to Philippines

National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying. "The National Iranian Oil Company is in talks with Philippines' National Oil Company (PNOC) to export 4 million barrels per month," the statement said. PNOC is one of the 11 companies in a consortium of international companies, known as Pergas, which has signed a non-disclosure agreement (NDA) with the National Iranian South Oil Company (NISOC) for carrying out studies over two oilfields in Iran, Press TV said.