LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.

Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.

The South Pars 11 project will have a production capacity of 1.8 billion cubic feet per day. or 370.000 barrels of oil equivalent per day.

The problem associated with China'.s payment for its petrochemical imports from Iran has now reached a point that requires negotiations between senior officials from both sides.

Germany is Iran’s largest trade partner in Europe.

The international contract for development of Phase 11 of South Pars in the framework of IPC will be signed on Monday.

For more than 65 years. Qatar has spared no effort to achieve its goal of becoming a reliable energy supplier.

The International Energy Charter has a total of 80 member states. among others. Russia. the United States. France. Britain. Japan. Korea. India and Argentina.

Analysts believe the presidency of the business-friendly centrist augurs well for Tehran-Paris ties.

Schumer and House Minority Leader Nancy Pelosi called for House Republican leaders to pass the bill immediately. before Trump and Putin meet at an international summit in Germany next week.