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Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.

Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.

India will work to create a network with other major oil buyers in Asia to negotiate better terms with sellers.

Basra. Iraq'.s second largest city. needs Iranian gas to feed its power plant.

Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.

Nord Stream 2 gas pipeline that would link Russia and Germany while bypassing other transit countries is being built under the Baltic Sea.

Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.

Phase 14 is expected to become fully operational by the end of the current fiscal year.

The estimated cost of the project is nearly $ 20 billion. adds Vedomosti'.s interlocutors.