International

The pipeline is expected to transport upwards of 55 billion cubic meters of gas annually from Russia to Germany beginning in 2019.

The volume of transit would have to be ".commercially viable". for Ukraine.

St. Petersburg International Economic Forum will be held on May 24-26. 2018.

Work has officially begun to build the German section of a contested gas pipeline from Russia that is opposed by Poland and other countries.

The rise in crude oil imports in April came despite a sharp increase in the country'.s crude stockpiles.

Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.

China buys the largest share of Iranian oil. and most of the rest is sold to the other top Asian consumers.

Experts say the fresh U.S. sanctions could affect Korean companies seeking to do business and invest in infrastructure and development projects in Iran.

The U.S. move threatens Iran with lower export income and less access to hard currency.

Oil firms will evaluate technical solutions by researchers from around 27 countries at the two-day event.