Social and Events

The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.

The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week.

Fears of a global economic slowdown could be behind the rare move.

OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.

Russia has planned to take account of oil fields. develop their yield evaluation and revise the existing incentives for oil fields.

The energy exchange. last used four years ago amid UN sanctions. was revived earlier this month.

Trump is focused on building a pipeline infrastructure in the Permian Basin. the third-largest oil field in the world.

The two day summit will be attended by many senior level executives and gas experts from the global gas industry.

Gas-powered turbines and pumps are the most important and most complicated equipment in oil transmission.

Iran exported 2.5 million barrels of oil per day in recent months.