The National Iranian Oil Company expects to finalize seven more upstream contracts worth around $40 billion with foreign investors by October.

The spending is aimed at ensuring that production grows to around 4.9 million barrel per day (bpd) in 2021, according to the UK-based company.

An analyst says US arms sales to Saudi are for aggressive purposes and Washington seeks to use the massive stockpiles if it engages in a big war in the region.

Iran has signed an agreement with Sweden, Denmark and Finland to cooperate over joint industrial projects. 

Pinera who governed Chile in 2010-2014, accepted the presidential sash from outgoing president Bachelet in a ceremony in Valparaiso.

A mid-May ultimatum set by US President Donald Trump looms large, with Iranian officials traveling to the countries which are presumably under less American sway.

While Iran seeks to use foreign investment as a buffer against fresh US pressures to revive its economy, India hopes to utilize Iran’s transit potentials to embolden its connectivity footprints.    

A Chinese private company will launch the first self-developed rocket in the first half of 2018.

A former oil executive has been sentenced to life in prison and a former high-ranking Vietnamese government official has received a lengthy prison term.

Saudi Arabia reportedly arrests a prominent Jordanian investor as uncertainty grows among foreign businessmen about the future of their investments in the kingdom.