TEHRAN (Iran News) –Oil Minister Javad Owji indicated that Tehran will boost energy relations with friendly nations, such as China and Russia, amid economic sanctions against the Middle Eastern country.
According to NHK, Javad Owji held an interview with NHK in Tokyo on Sunday and before departing for Tokyo to attend the state funeral of former Japanese Prime Minister Abe Shinzo.
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 can produce 4 million barrels of crude oil per day. That’s reportedly above levels the country had boasted 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.
Owji and the accompanying delegation left Tehran for Tokyo to also attend the Asia Green Growth Partnership Ministerial Meeting (AGGPM) and hold multilateral meetings.
The main approach of AGGPM is financing, promoting innovation and supporting the energy transition process in Asia and international cooperation in this field.
The Iranian minister will give a speech in this meeting and address the oil and energy ministers of Asian countries.
Owji was also to participate in the memorial service of Shinzo Abe, the late Japanese Prime Minister, on behalf of President Ebrahim Raisi. The event will be held in the presence of presidents or prime ministers from all over the world.
Meeting and exchanging opinions about the opportunities and areas of future cooperation with important Japanese companies and the ministers of economy, foreign affairs, finance and industry, economy and trade of Japan are among other plans of Mr. Owji in this country.