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Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.

Russian government officials have become increasingly vocal about rising pump prices in recent weeks.

These funds will allow Venezuela to upgrade the development of its key industry.

The two-way trade volume totaled US$12 billion in 2017. with South Korea exporting $4 billion worth of products.

OPEC and non-OPEC countries decided in late 2016 to cut output by 1.8 million barrels per day to boost oil prices.

Since July last year crude oil prices have gained 56%.

The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.

Kuwait will raise its oil production by 85.000 bopd as part of a recently reached OPEC agreement.

Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.

Iran is currently producing roughly 830 mcm d of natural gas of which 45 mcm d is exported to Iraq and Turkey.