The oil market needed every barrel which cut-exempt Iran. Libya and Nigeria could produce.

Iran can draw on Pertamina'.s experience in this field.

Supply of gas to the southern province will save $660 million annually by replacing liquefied fuels with gas.

An MoU had been inked with Pertamina over boosting recovery factor in two oilfields.

This seminar will be held in Brussels with the presence of high-ranking Iranian delegations and EU.

Lukoil is actively looking for growth opportunities in the Middle East.

Investors raised their bets on rising Brent crude oil prices to a new high last week.

The volume of running water has decreased 20 percent and the feed that goes into groundwater is down by 15 percent.

Iran aims to grow gas output to 1 trillion cubic metres by 2018. up from 160.5 billion cubic metres in 2012.

South Korea has been one of the backbone customers of crude oil from Iran.