Tag Archives: Minister

Malaysia exports about RM1 billion of palm oil to Iran.

Pakistan demands Iran to decrease the gas price as well.

Close to 12.000 MW is produced from hydroelectric plants and 1.000 MW from the sole nuclear power plant in Bushehr in the south.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.

The rescue operation to find people stuck in the rubble of the building reached its final stages on Friday.

The market is waiting to see how the Opec cuts and US supply situation plays out.

Iran used to sell around 800.000 bpd to European buyers before the tightening of international sanctions in 2011 and 2012.

The new US president has also sent messages offering to increase the level of assistance to Iraq.

Turkmenistan claims Iran has to pay $1.8 billion due payment for gas it received in 2007-2008. Iran denies the claim.