Iranian President Hassan Rouhani will inaugurate a gas-fired thermal power plant with a 310 megawatt capacity in Haris county of Northwestern province of East Azerbaijan.

Next year. nations will gather for the first post-Paris negotiations. where they are expected to build on their initial pledges.

Managing Director of Iranian Gas Transmission Company (IGTC) Saeed Tavakkoli announced that the country'.s experts have managed to repair the German-made Siemens gas turbines using indigenized know-how.

The strong increase in oil and gas production helped BP to offset weaker crude prices and refining profit.

The biggest supply drop came from Saudi Arabia. which has cut supply even further below its OPEC target in a bid to reduce oil inventories.

Egypt aims to become a regional gas hub for the trade of liquefied natural gas after major gas discoveries in recent years.

The first de-mercaptanization unit of South Pars Phase 2 and 3 Refinery has so far gained 78 percent progress and will come on stream by the end of the current Iranian calendar year to March 2020.

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht stressed failure of enemies in leaving a major impact on Iran'.s economy by imposing the toughest-ever sanctions.

Erbel is to officially take office on August 1. 2019.

Iran has said it will reduce its commitment to the nuclear accord in stages and may even withdrew from the pact.