Urals is the one which North West European refineries should be designed to run optimally.

An extension of the OPEC agreement will not be enough to raise global oil prices significantly.

NIOC endorsed qualification of 29 foreign E&.P firms to enter partnership with Iran under new oil contracts.

The most famous Norwegian oil company is Statoil. which already had activities in Iran.

The gas pipeline project is expected to be completed by 2020.

Singapore serves as Asia'.s oil hub and is one of the world'.s top three export refining centers.

Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.