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South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

Trading was light after Thursday'.s heavy sell-off and ahead of the long weekend break in the United States and Britain.

The decision by oil producing countries to extend production cuts agreement by nine months gives the market much needed visibility.

Russia maintains its oil-price outlook at $50 to $60 on average for this year.

CNG vehicle fires made up between zero and 2.6 per cent of annual vehicular fires from 2014 to May 22 this year.

Construction of the Turkmen section of TAPI started in 2015 and is scheduled to finish in late 2018.

Russian state gas exporter Gazprom is keen for Nord Stream 2 to be built by 2019.

Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.

Russia’s Industry and Trade Ministry plans to sell 365 cutting-edge Ka-62 helicopters by 2030.

Uganda estimates overall crude reserves at 6.5 billion barrels. while recoverable reserves are seen at between 1.4billion and 1.7 billion barrels.