Social and Events

At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.

Russia has repeatedly denied claims that the nerve agent. Novichok. used to poison the pair was developed in the country or the Soviet Union.

Currently. oil product exports are taxed on the basis of a percentage of the crude oil export duty. which is tied to the price of oil.

EIA expects 2018 output at 10.7 million barrels per day. fractionally down from 10.79 million barrels projected last month.

The boat was carrying rice from Kuwait to Bandar Ganaveh when it sank near Norouz Oil Wells.

The nation is scheduled to hold general elections in February.

Iran mainly exported low-density oil. hydrocarbides and floorings to Afghanistan during the four-month period.

Russia. Saudi Arabia and others are raising their oil output by one million bpd to adversely affect Iran'.s oil exports.

Iran and Pakistan have already agreed to open up and review the gas sales- purchase agreement (GSPA) inked between the two in 2009.

Italy with 324.347 tons of imports worth $162.014.000 ranked first in terms of weight.