A senior Iranian official, Ali Karani, has attested that oil and gas exports will increase by building energy complexes in the province of Khuzestan.

Exports reached $25.28 billion in October 2019, down from $28.89 in 2018.

Egypt’s Ministry of Finance has announced a list of 20 products and services related to oil and gas exploration and production (E&P) and export activities to be subject to the value added tariff (VAT) as they will be shifted from sales tax to VAT.

Iran’s Ayatollah Ali Khamenei warned that the OPEC member will stop exporting oil and natural gas if international sanctions against it stay in place, the official IRNA news agency reported, citing a speech he made in Tehran.