Social and Events

The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

The new center is set to cover 5.000 square meters and will include a multi-purpose hall to hold conferences. seminars and workshops.

Russia intends to localize the production of blade rows for gas turbines amid the row over the alleged delivery of Siemens-made turbines to Crimea in violation of Western sanctions.

The Kurdistan Regional Government is holding a referendum on September 25 on independence for the region.

NISOC has held negotiations and signed agreements with various foreign companies on studying Iran'.s hydrocarbon reservoirs.

OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output. weighing on global prices.

The first and second stages of the project would become operational in 40 months and 60 months respectively.

In March 2016. Vietnamese President Truong Tan Sang visited Iran with a big delegation.