Iranian Oil Minister Javad Owji has said Iran’s oil exports are still on the rise despite the US seizure of Iranian tankers in recent months, Fars news agency reported.
Iran is expected to have a strong comeback to the global market in case the nuclear deal is revived and the U.S. sanctions on the country are lifted, Bloomberg reported on Thursday.
The top crude oil refiner in Japan declared it has plans to resume oil imports from Iran amid growing interest among Asian peers to follow the suit.
Negotiations are reportedly underway in South Korea between officials from Tehran and Seoul on the possibility of resuming oil trade in preparation for a potential US sanctions relief on Iran, Yonhap reported.
A new report showed that Iranian crude oil exports reached 1.2 million barrels per day in January despite continued American pressure on the country.
A report shows that Iran has been earning an average of around $1.3 billion per month in oil exports revenues despite sanctions imposed by the United States.
Iran’s Petroleum Minister Javad Owji said on Tuesday that the country has to invest some more $160 billion on oil and gas industry.
Iranian Oil Minister Javad Owji says removing sanctions from Iran’s hydrocarbon sector would be key to resolving a global energy crisis that has affected supplies in many Western countries.
Iran’s minister of trade Reza Fatemi Amin says non-crude exports from the country could surge by $5 billion in the second half of the calendar year to late March.
Iran’s new Minister of Petroleum Javad Owji says the country has plans to increase oil capacity by one and a half time (50%) within the next four to five years.