Companies

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

The two countries considered cooperation in the gas trade sphere. implementation of joint projects with third countries. and held wide exchange of views.

Indonesia has purchased one million barrels of oil from Iran.

Under the deal with the KRG. Rosneft will receive its first 600.000-barrel cargo this week.

Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The Russian business interest in Iran significantly grew in 2016.

Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.

Banking resources need to be directed towards effective projects which create jobs and lead to economic growth.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.