Social and Events

Resource-pour Japan relies heavily on imports of oil from the Middle East.

Over 800.000 passengers cross Astara land border each year.

Construction is underway at the South Aluminum Corp (Salco) smelter to produce 300.000 tons per year in the first phase.

Iran’s gas reserves account for 18 percent of world’s total.

U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day.

The Trump administration recently said it would double tariffs on steel from Turkey.

Russia would maintain its oil production on the level of July within OPEC+ deal.

OPEC and its partners agreed in late June to raise output by 1 million b d.

The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.

China is under the pressure to cut oil purchases from Iran.