Iranian Oil Minister Javad Owji has warned of a global energy crisis this winter as he says that Iran stands ready to increase its oil exports by a significant amount if sanctions are removed from the country.
The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market.
Turkish President Recep Tayyip Erdogan has announced that his country would increase its purchases of Iranian oil and gas, a week after meeting with his Iranian counterpart Seyyed Ebrahim Raeisi in Tehran.
A top advisor to the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says Iran is in deals with Russia and Kazakhstan to swap crude oil produced by them with its own crude oil for the purpose of delivery to customers in the Persian Gulf.
Iran plans to attract around $160 billion worth of domestic and foreign investment to its petroleum sector until 2029 to significantly increase its production of oil and gas, according to a new report.
China has called on the United States to immediately stop plundering Syria’s national resources after reports said American forces had recently transferred stolen Syrian oil to northern Iraq.
OPEC Secretary General Mohammad Barkindo says a global oil supply shortage can be eased if American sanctions on Iran and Venezuela are removed and the two countries can export more oil.
Iran has awarded a major oilfield development contract to a consortium of local banks and petroleum companies.
Another Iranian oil tanker arrived on Saturday evening at the Syrian Port of Baniyas located in the East Mediterranean Province of Tartus.
US President Joe Biden has said he will not directly request the leaders of Saudi Arabia to increase oil production to curb soaring crude prices when he visits the kingdom next month.