Banking resources need to be directed towards effective projects which create jobs and lead to economic growth.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.

The LNG plant is expected to be up and running according to schedule and reach the design capacity.

The agreement covers a host of full and comprehensive issues in terms of encouraging and supporting investment in Iran and Japan .

The most important export item in 2016 included gas condensates worth $7.32 million.

Phases 12. 15. 16. 17. 18. 20. 21 and 19 of South Pars were among priorities of Petroleum Ministry.

President Rouhani is on an official visit to Moscow at the invitation by his Russian counterpart Vladimir Putin.

Russia has promised to cut its daily oil output by up to 300.000 barrels in a gradual manner.

Tehran follows its economic policies in line with the Economy of Resistance.

The contract also covers cooperation between Iran and Russia on producing firefighting equipment.