The deep-water gas fields in India are part of the second phase of three projects and will bring fresh gas production to the country.

Since the fourth quarter of last year. SK Incheon Petrochem has cut its monthly Iranian condensate imports by nearly half to 1.1 million barrels.

Between 30 and 40 percent of fuel refined in Libya or imported into the country is stolen or smuggled.

Gasoline stocks dropped by 3 million bbl. compared with analysts'. expectations in a Reuters poll for a 227.000-bbl drop.

SOCAR emissions from gas flaring stand at 0.3 million cubic meters per thousand barrels of oil equivalent per year.

Earlier this month. Chevron Corp said two of its executives had been arrested in Venezuela.

Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.

MENA is expected to achieve economic growth of 3.1% in 2018.

In May 2017. Iran and Russia reached an agreement to begin oil supplies under the oil-for-goods program established back in 2014.

Iran boasts one of the world'.s largest proven oil reserves of 158.7 billion barrels.