Iran will be selling petrol to Georgia and Armenia, Iran's Oil Minister Rostam Qassemi said.

"Right now we produce enough of petrol for the country's needs, and the rest will be sold to neighboring countries by the end of the new year," Qasemi noted.

The minister added that Iran will sell petrol to Georgia and Armenia during the first phase.

Qassemi added that as of now 55 million of cubic meters of Iranian oil products are being exported to 70 countries of the world, Trend reported citing IRINN.