The oil refinery project will be the biggest Saudi investment in Pakistan.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).

A surge in OPEC production in late 2018 means the market started this year better supplied than the last.

Last year. 14.169.000 tons of crude steel were produced in the eight month period.

Despite the U.S. sanctions. Tehran has found some new ``potential`` oil buyers.

Iran’s export of electricity would hit $33 billion by 1404.

China hit US LNG with a 10% tariff in September and threatened to increase it to 25%.

Last year. Iran expressed readiness to provide up to 3.000 MW electricity to Pakistan.

SOCAR also plans to purchase Turkish assets of the German energy giant EWE.

Iran meets more than 80 percent of its demand for electricity from thermal power plants.