Social and Events

Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world.

The OPEC Secretary General Barkindo was Iran to visit the 24th Iran International Oil. Gas. Refining and Petrochemical Exhibition.

Total trade volume exchanged between Iran and Pakistan in the same period hit from $1.320 billion in 2017 to $1.578 billion in 2018.

The tanker is now safe and no injuries have been reported so far.

Nations in Asia are mostly dependent on West Asian producers for their demand for oil.

The main theme of the event is production boom in the country.

A non-oil trade surplus of $12.54 billion was registered in favor of Iran during the period.

China has alternative oil suppliers including the United States and Saudi Arabia.

The bank still expects declining prices into 2020 due to better supplied markets next year.

Oilfields owned jointly by Iran and Iraq are located near the Hawizeh Wetlands.