U.S. sanctions could cut off a lot of Iranian oil trade finance.

Iraqi forces captured Mosul from Islamic State in July. after a grueling nine-month U.S.-backed offensive with the participation of Kurdish Peshmerga.

Alekperov is Lukoil'.s largest shareholder and owns about a quarter of the firm.

With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

Halliburton has announced the release of the BaraShale Lite Fluid System. a high performance water-based fluid designed to maintain full salt saturation with reduced density.

The government'.s latest move allows Baghdad to export crude without depending on Kurdish region.

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Tehran is looking to increase its crude output. and with 37 billion barrels of oil. the Azadegan field is Iran’s largest. shared with neighboring Iraq.

Issues related to the Meghri hydropower plant program and Armenia-Iran-Turkmenistan trilateral cooperation were also discussed during the meeting.