Social and Events

In a first phase. TANAP will introduce 6 billion cubic meters (bcm) of gas yearly. so Turkish imports. set at 6.6 bcm by Albayrak. will be covered in a 90 percent.

U.S. exit from Iran deal puts pressure on European planemakers.

The US decision sent oil futures surging Wednesday as traders digested the likely consequences.

Pressured by the dollar’s broad strength. the Aussie has slid despite an upbeat budget from the country’s government.

Over 1.053 domestic and 600 foreign companies from 37 countries are attending the three-day event.

As the leader of TAPI Pipeline company Limited. Turkmengas State Concern. which has a controlling stake. acts as the main financier and project manager.

The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.

Several memorandums of understanding are expected to be signed on the sidelines of the exhibition.

The U.S. dollar leaped to its highest levels this year against a basket of currencies despite disappointing U.S. employment data for April.

Iran'.s overall non-oil exports. including condensates. stood at $46.9 billion in the last fiscal year — 6.6 percent more year-on-year.