Oil

Iran and Indonesia intend to augment bilateral trade to $2 billion in 2017.

Iraq enjoys an excellent geographic location that overlooks each of Iran. Turkey and the Arab world from the other side.

OPEC members Libya and Nigeria were exempted from the supply cuts because unrest had curbed their output.

OPEC holds its next regular meeting in Vienna on Nov. 30.

Marine fuel sales in Singapore fell last month. by 4.2 percent on the year to 4.181 million tons.

Gulf states accounted for 11.8 per cent of natural gas production in the world.

Shell welcomed the ".important milestone". toward the completion of the deal which is expected in the second half of this year.

Oil production in Azerbaijan stood at 826.000 barrels per day. or 1.6 percent less than in 2015. according to the report.

West Karoun is the name of an oil-rich region in Khuzestan that includes several large oilfields.

Kharg is the largest oil export terminal south of Iran that accounts for the largest part of oil export of the country.