The deal is intended as an end-run around Russia’s ability to choke off European energy supplies that are shipped via pipelin.

Iran will take the third step of reducing commitments within the JCPOA if Europe cannot offer the country new terms by the deadline at the end of this week.

China last year and this year imposed tariffs on imports of the super-chilled fuel from the United States.

Moscow considers $60 per barrel a reasonable price. as at this level Russia can invest in new projects.

An onshore wind project in the Outer Hebrides has started to generate power as turbines are constructed on North Uist.

Oil and gas firm Parkmead Group has heralded its entry into the renewables sector after agreeing to buy farmland majority-owned by the wife of chief executive Tom Cross.

Silent-Yachts’ Silent 55 takes the form of a battery-electric catamaran – however. the vessel will cost you €1.4 million.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

The biggest supply boost of 80.000 bpd came from Nigeria. Africa’s largest exporter.

The agreement was earlier signed in 2009 during PPP government for 25 years. but since then the project could not get the shape.