Turkmenistan wants to receive gas price for Iranian years of 1386-87 the amount of 1.8 billion dollars - Iran made objection to.

Manouchehri estimated that the first tender to develop South Azadegan oil field will be invited in the first quarter of 2017.

According to Iran'.s Petroleum Ministry. Turkmenistan has finally agreed to continue its gas exports to the Northern Iranian provinces.

Since its first contract with Iran in 1975. Daelim has carried out more than two dozen construction projects there worth a total of $4.55 billion.

Daewoo Shipbuilding said the deal will help it make inroads into Iran'.s shipbuilding market. and export related equipment.

The facility is now receiving 500 million cubic feet more gas from the offshore platforms of the phases.

Russia'.s Lukoil and Malaysia'.s oil giant Pertamina are also conducting surveys on AbTeymour and Mansouri Oilfields.

Reuters reported. A two-rig rise in the oil rig count in the United States. the ninth weekly increase in a row. as reported by oilfield services provider Baker Hughes Inc. added to bearish sentiments.

Iran currently imports 10 million cubic meters of gas a day from Turkmenistan.