Javad Owji met with Bulgarian Energy Minister Virgil-Daniel Popescu, and Romanian Energy Minister Alexander Nikolov, on Friday in Baku on the sidelines of Baku Energy Week.
Those Western countries that are following the US in imposing sanctions on Iran are now in need of gas and oil due to the war they waged between Russia and Ukraine.
Owji stated that the 300,000-barrel Shahid Soleimani petro-refinery is the first concentrated petro-refining project in the country, and its construction will begin in April next to the Persian Gulf Star refinery.
With the coming to power of the 13th administration, the development of the oil industry received more attention, while there was no change in the conditions of sanctions against Iran, however, as the president has stressed, oil exports have increased by more than 40%.
The minister made the remarks after the 27th OPEC and Non-OPEC Ministerial Meeting, held via video conference on Thursday, March 31, 2022, and said, “as speculated, OPEC+’ decision today was almost similar to last month, with a slight increase in their crude oil output for May 2022, raising it from 400,000 bpd to 432,000 bpd.
GECF has prioritized improving natural gas supply security to regional and global markets, as well as putting forth maximum effort to pave the way for a comprehensive development of natural gas and LNG use as an affordable and environmentally friendly fuel.
In a tweet, Iranian Oil Minister Javad Owji referred to his numerous meetings with the Deputy Prime Minister, Minister of Energy, and senior Russian private sector managers in the field of oil and gas stating that Iran and Russia are two important players in the field of energy in the world.