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The minutes include forming a central committee for the tripartite cooperation.

OPEC member countries discussed the issue of cutting oil production at the session on July 1.

Mr Barkindo was first elected as Secretary General of the bloc in 2016.

Iran had no problem with output cut. slamming ".unilateralism". as the biggest problem in the Organization.

The Strategic Conference will host five panel sessions and four roundtable discussions on the entire heavy oil value chain.

Russia agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output.

Algeria had floated an idea of deepening the cut by some 600.000 barrels per day.

The US government imposed a new round of sanctions on Iran in November 2018.

It is the first time that repair and maintenance services of giant ships is assigned to the domestic repair yards and the most experienced Iranian experts.

The current round of quotas went into force in January and ends on June 30.