MP: Iran Securing Share in Oil Market

Date: 08 April 2022 - 21:40

News ID: ۱۰۱۳۷۵

TEHRAN - The secretary of the Iranian parliament’s energy commission Hussein Hussein Zadeh says Iran is seeking to secure its share of the oil market through its energy diplomacy.
He noted that under Raisi’s presidency, oil sales have more than doubled and Iran’s oil revenues have also increased accordingly.
Hussein Zadeh said Iran has held very useful consultations with Pakistan, Iraq, Oman, Turkmenistan and the Republic of Azerbaijan in the energy field and that the negotiations will produce positive results in the near future.
The official also spoke about Iran’s energy swap deal with Turkmenistan and Azerbaijan, attributing this achievement to the energy diplomacy under the Raisi administration.
He said Iran is now ready to do 40 million cubic meters of gas swap daily.
He said Iran has also held talks with Russia over energy swap and it hopes that such contracts will expand so that the oil and gas industries will play a more prominent role in the economic development of the Islamic Republic of Iran