Saudi Arabia is pressing ahead with plans to sell between 1 percent and 2 percent of Aramco through a local listing.

A huge gas reserve has been discovered in Iran’s Southern province of Fars. after a year of extensive exploration in the region.

The US has seen an increase in its oil supply to South Korea.

Representatives from seven universities are also attending the Iran Nano 2019 to present their achievements.

The current trend would enable Tehran to hit production capacity of 172.000 SWU at the end of a 15-year period.

Three main sectors of industry in Iran — manufacturing. mining and petrochemical — were given nearly $10 billion discount in their energy consumption in the last local calendar year. according to a newly released report by the Parliament.

Head of Iran'.s Ports and Maritime Organization said that Imam Khomeini Port has registered an unprecedented rise in its unloading activity with a jump by almost a half.

Iranian Minister of Petroleum Bijan Zangeneh said there had been talks with a number of domestic firms to develop the South Pars Oil Layer (SPOL). however no results have been obtained so far.

Iranian First Vice-President Eshaq Jahangiri announced that the US and its allies'. plots to bring the country'.s economy into a collapse have all failed. adding that the conditions are improving.

Iranian President Hassan Rouhani said Washington has now come to realize that its policy of maximum pressure on Tehran has failed. and stressed the need for officials to continue resistance.