Iran and Oman are expected to invest in Chabahar Free Trade Zone on joint venture.

The refinery’s products are expected to be sold domestically due to high quality and other refineries’ output will be exported.

Higher crude oil and gasoline stocks in the United States weighed on prices on Friday.

In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.

Iran'.s electricity industry ranks 14th in the world in terms of output and 19th in terms of consumption.

The world’s second biggest gas field. Galkynysh. is located in the eastern part of Turkmenistan.

Asia is becoming the world'.s biggest oil consuming region.

The two largest economies need to sort out their differences for the wellbeing of the global community.

The ISOICO is the only shipbuilding company in the region which builds and repairs ships at different scales.