Iran on Tuesday announced that it will finish selling off its stockpile of gas condensate in coming months, according to the oil ministry's news agency Shana.

Iran currently produces 530,000 barrels of gas condensate per day and sells off 600,000 barrels, Mohsen Ghamsari, the director of the international affairs department at the National Iranian Oil Company (NIOC), told Shana.

"The stored condensates will be gradually sold," he said.-Reuters