Social and Events

Earlier this year. the US unveiled sanctions aimed at the illegal trade of petroleum products. coal and other goods with North Korea.

Oil-rich region has been racked by protests over poor governance by Baghdad.

Such decision was due to Washington'.s announcement that it would impose sanctions on enterprises making business with this Islamic republic.

The gas pipeline project is currently on the agenda of the talks between Russian President Vladimir Putin and German Chancellor Angela Merkel.

Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.

Today. many Iraqi cities have security and stability. which alleviates the fear and risk of investment for foreign companies.

Both sides stressed the importance of the need to intensify mutual visits.

Among the major oil and gas-producing states. Texas saw the largest gain with an increase of 3 units to a total of 525 rigs working.

Final oil trade data for July will be released later this month by state-run Korea National Oil Corp.

ADL will implement the project in cooperation with its Austrian and Swiss partners.