Construction works were completed in both phases of Shahdeniz platform in 2017.

OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.

The nominal production capacity of petrochemical plants in Mahshahr amounts to 25.6 million tons.

14 percent of Iranian non-oil exports are shipped to Iraq.

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

The OPEC country'.s output has recovered in the last year to nearly 1 million b d.

TANAP and TAP are of great importance to Europe as these projects are alternative sources of gas.

Trump'.s verbal attack on OPEC is hardly justified.

OPEC and its allies achieved a historic 149 per cent compliance in March.

The US has recently taken a series of measures which amount to waging trade wars.