Turkmenistan claims Iran has to pay $1.8 billion due payment for gas it received in 2007-2008. Iran denies the claim.

Iran currently produces 8 million tons of LPG per year.

The money will be injected to the country'.s economy in the future months.

The pipeline will connect the South Pars/North Dome Gas field shared by Iran and Qatar with the Iraqi city of Basra.

Iran’s European customers purchase a total of 700.000 barrels of Iranian oil per day.

Under the contract. the company will supply compressor trains each comprising a Siemens STC-SV vertical split compressor for the processing plants.

The Iran LNG &. Gas Partnerships Summit will take place in February in Frankfurt. Germany.

The average of Turkey'.s imports reached 126.000 bpd from the beginning of 2016 until the end of Nov.

Iran has achieved the technology to desalinate crude oil using electrostatic methods.

This is Siemens'. first huge oil and gas order since the easing of sanctions in January 2016.