Iran will export 1m barrels of crude oil to Hungry during November.
Algeria's Energy Minister, Salah Khebri, and British Special Representative, Lord Richard Risby, held a bilateral meeting to discuss greater energy cooperation between the two countries.
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported.
The growth of the oil industry in Bahrain was highlighted at a Bahrain British Business Forum (BBBF) networking event.
North Sea oil production could face severe disruption from a threatened strike by unions that would add to the strain already placed on drillers by falling oil prices.
Argentina is threatening to take legal action against Britain over oil drilling off the coast of the Falkland Islands.