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There is enough oil in global stockpiles to replace barrels Saudi Arabia had temporary lost due to the attacks.

Iranian and Turkish energy ministers discussed resumption of trading electricity between the two sides in their meeting in Ankara.

Water discharge is seen as the easiest and most affordable way for Japan to deal with the problem.

Iranian Oil Minister Bijan Namdar Zanganeh announced that the country has made great progress in the production of different petrochemicals and will further expand its capacities in future.

Deputy Director for Development and Engineering Affairs at the National Iranian Oil Company (NIOC) Reza Dehqan said that his country is steadily developing its oil and gas projects. reminding that Washington’s sanctions are nothing new to Tehran.

A host of Iranian companies and firms will participate at the 5th edition of Re-Build Syria Expo which is slated to start on Tuesday.

Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies. in a bid to evade US sanctions against Tehran.

Iran’s Minister of Energy announced that the formalities for a €1.2-billion loan were exchanged between finance ministries of his country and Russia. adding that Tehran will use the money for constructing a major electricity project South of Iran.

Iraq calls on all parties to stop carrying out reciprocal attacks and causing huge human and facility losses.

A sharp rise in oil prices also comes at a delicate time for the global economy.