The minutes include forming a central committee for the tripartite cooperation.
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China is the top buyer of Iranian oil and nearly all its oil payments go through Kunlun Bank.
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Iranian officials announced that the construction of the 32-kilometer railway connecting the city of Shalamcheh in Southwestern Iran to Basra in Southern Iraq will kick off in the next few months.
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OPEC member countries discussed the issue of cutting oil production at the session on July 1.
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State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
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