Tehran to boost energy ties with friendly countries, official says
Iran's Petroleum Minister Javad Owji said Tehran would boost energy relations with friendly nations, such as China and Russia, amid economic sanctions against the Middle Eastern country.
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Negotiations between Iran and the United States for salvaging a 2015 nuclear agreement are going on.
Owji said Iran is working to attract investment from overseas without waiting for the deal to be restored.
He called on Japanese companies to consider expanding into the Iranian market, stressing that his country is 100 percent ready to accept their investment.
Owji revealed that Iran could produce 4 million barrels of crude oil per day. That's reportedly above levels the country had boasted about before the sanctions were imposed.
The minister argued that Iran has been able to increase its crude exports to several countries. They are believed to include China.
Owji added that Iran signed a memorandum of understanding with Russia's state energy giant Gazprom in July for cooperation in the oil and gas industry.
The 2015 agreement was struck between Iran and world powers, including the US, to curb Tehran's nuclear activities in return for relief from sanctions.
But in 2018, then-US President Donald Trump pulled his country out of the accord and re-imposed sanctions.