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The showcase is being held with 4.000 exhibitors from across the globe running 1.800 pavilions.

Itochu is willing to expand business in the Iranian market. including investments in petrochemical projects.

Global crude inventories have not fallen as fast as OPEC or the hedge funds anticipated.

Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.

Russian crude output is at historic highs. European firms are still investing.

Iran produced 3.77 million b d of crude in April.

Japan is the world'.s top importer of liquefied natural gas (LNG).

The total length of the TAPI pipeline will be 1.814 kilometers.

Iran has now become an exporter of gasoil and is exporting 13 million liters of the item on a daily basis.

The cost of the project. announced in late 2014. was seen between $12 and $13 billion.