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Iran's oil minister Javad Owji announced that crude oil exports reached a five-year high since 2018, despite US sanctions on Tehran's energy sector. Oil production in Khuzestan province has increased by 2.7 million barrels per day, and natural gas production has grown by 5%. Owji emphasized that sanctions have not hindered Iran's development growth, with economic growth of oil and gas over 20% every quarter in the first, second, and third months of the solar hijri year from March 2023-19 March 2024. He also mentioned that Trump's potential return to the US presidency would not affect Iran, as contracts with Russian companies have been signed.

Iran oil exports hit five-year high

Iran’s oil minister Javad Owji announced that crude oil exports reached a five-year high since 2018, despite US sanctions on Tehran’s energy sector. Oil production in Khuzestan province has increased by 2.7 million barrels per day, and natural gas production has grown by 5%. Owji emphasized that sanctions have not hindered Iran’s development growth, with economic growth of oil and gas over 20% every quarter in the first, second, and third months of the solar hijri year from March 2023-19 March 2024. He also mentioned that Trump’s potential return to the US presidency would not affect Iran, as contracts with Russian companies have been signed.

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