Oil

Iran wants to increase daily gas output to a total of 1.2 billion cubic meters by 2021 from around 800 million cubic meters.

Since 2014 Russia has been paying $9.8 per transit of one ton of oil to China via Kazakhstan.

Shell said in its annual report it had bought only three cargoes of Iranian oil over the past year.

According to the IEA. Iraq will increase its output to 5.4 million barrels per day by 2022.

Many of the questions revolved around the fact that there is so much inventory remaining.

US crude stocks rose by 11.6 million barrels last week.

Two vessels will carry out 2D and 3D seismic exploration work.

Crude oil exports from Iran reached 3 million barrels a day for the first time since the 1979 Islamic Revolution.

The huge Kirkuk oil field can pump around 150.000 barrels per day.

Five new South Pars phases could come on stream in late March or early April by the Iranian President.