The oil ministers of Iran and Pakistan met and discussed during the President's visit to Islamabad.

A memorandum of cooperation was signed between the Ministry of Oil and the Atomic Energy Organization of Iran with the aim of realizing common goals and developing cooperation in meeting the needs and improving the technological capabilities of the country.

At the official invitation of his Pakistani counterpart, Seyyed Ibrahim Raeesi left for Islamabad on Monday morning (April 22) at the head of a high-ranking delegation of economic and political officials, including Oil Minister Javad Oji.

The Persian Gulf countries have largely relied on their hydrocarbons, especially oil, to pursue economic and political activities that serve their national interests, which in many cases fuels geopolitical tensions with other global actors.

According to Energy Press, the terrorist attack by the Zionist regime on the Iranian consular building in Damascus and Iran's response to this regime raised concerns about the continuation of Iran's oil exports to private Chinese refineries, but analysts and business sources say that this volume is unlikely to change at the moment. . Market activists raised this question.

A member of the Energy Commission of the Chamber of Commerce said: If someone wants to cooperate and invest in energy projects, it should be done through holdings.

Iran's oil exports have reached their highest level in the last 6 years and despite the unilateral sanctions of the West, it has boosted the country's economy by 35 billion dollars per year.

A member of the Energy Commission of the Chamber of Commerce said: If we allow people to buy crude oil or invest in oil projects.

The US Energy Information Administration announced an increase of 630,000 barrels of daily Iranian oil production over the past year and 3,250,000 barrels of oil production in the third month of 2024.

The head of the Program and Budget Organization said: "The enemy tried very hard to restrict the oil market for Iran, of course, they increased their efforts and we saw that the oil export embargo was ineffective, and today we do not have oil on ships and water, and the buyer is clear."