Under the contract. Baker Hughes will develop advanced solutions for flare gas at the al-Nassiriya and al-Gharraf oilfields.

Concluding Contracts with topnotch firms can positively impact the country'.s economy in the long run.

The first and second stages of the project would become operational in 40 months and 60 months respectively.

South Pars is the world'.s largest gas field. shared between Iran and Qatar.

Demand for natural gas is expected to grow nearly 2% a year in Southeast Asia through 2040.

Saudi Arabia plans to develop 30 solar and wind projects over the next 10 years.

In addition to its participation in the WPC exhibition. QP was also a platinum sponsor as well as the lanyard sponsor of the 22nd WPC.

At least nine Russian companies have voiced willingness to help Iran develop its oil and gas fields.

The price for September futures of Brent crude oil has increased by 0.43 percent to $49.12 per barrel July 17.

Upon the completion of the project. the refinery will raise its propylene production by 1 million tons per year.