Global oil supply rose 90.000 b d in September to 97.5 mb d as non-OPEC output edged higher with output standing at 620.000 b d higher than last year.

Shahdaei is the Islamic Republic'.s first woman deputy oil minister.

Ardakanian has served in several governmental posts during the past 30 years.

While China pushes for the petro-yuan. Russia is also making moves which could have serious implications for the U.S. dollar.

The IAEA chief is slated for high level meetings with senior Iranian officials. including Iranian Vice-President Ali Akbar Salehi. on Sunday.

The Energy Ministry has currently managed to guarantee sustainable electricity supply to domestic consumers.

China expects that gas demand will rise to between 320 and 360 billion cubic meters per year by 2020.

There are plans to increase Africa’s power generation to 30 GW by 2030.

France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.

Exports to Europe are set to drop 39 percent to 510.000 bpd in October from a month earlier. Exports to the Middle East will hold at 111.000 bpd.