Oil

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.

Iran shares a number of oil and gas fields with its Arab neighbors in west and southwest.

The company was also ready to consider the options of its participation in other consortiums regarding the development of Iranian oil fields.