Oil

The country'.s main export grade. marketed as Iran Heavy. gained 42 cents to reach $49.35 per barrel. matching its 2017 average.

OPEC will discuss at a meeting in November whether to extend or end production cuts.

The price for September futures of West Texas Intermediate (WTI) grew by 0.84 percent and stood at $47.77 per barrel.

Iraq has been reforming its oil sector to achieve higher prices and setting up trading and shipping joint ventures.

The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.

South Pars. a supergiant gas field Iran shares with Qatar in Persian Gulf waters. is estimated to contain over 14 billion barrels of oil in its oil layer.

Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta.

His latest efforts to woo investors bore fruit when Total signed a contract on July 3. to develop South Pars.

The market data from JODI shows that Russia remains the world’s largest oil producer.

NIOC will soon provide all necessary data about the Azadegan oil field to interested firms.