The implementation processes of the previous memorandum between the University of Petroleum Industry and the Southern Iraq University of Technology were reviewed during the visit of the president of this university to Iran.

The escalation of conflicts in the Middle East has increased concerns about the security of the Strait of Hormuz. Any disturbance in the flow of oil in this strait, considering its vital role in transferring 21 million barrels of oil daily to the world markets, will severely affect the prices.

After visiting the special energy zone of Pars, the energy capital of the country, on the second day of his trip, the oil minister entered Khark Island, the center of gravity of Iran's crude oil exports, and then visited the Forozan oil field platform in the border zero point in the waters of the Persian Gulf.

According to reports, if the war flares up in the region, many countries in the region welcome the interruption of the Tehran-Beijing oil chain and try to introduce themselves as an alternative to this equation.

The production of 4,800 barrels of oil was achieved in the initial targeting (FTP) in the second phase of the development of the integrated and joint fields of Yaran.

Stating that the trip to Asalouye is to visit this region and to appreciate the efforts of my colleagues, the oil minister said: "We are not worried about the crises created by the enemies of the revolution, and this trip is considered a business and normal trip for us."

The CEO of Masjid Suleiman Oil and Gas Company, referring to the implementation of the Masjid Suleiman oil field development plan, said: The Oil Engineering and Development Company is carrying out the initial stages of the implementation of the development plan of this field, and the daily production of 10 thousand barrels of oil is planned gradually according to the schedule.

The Minister of Oil stressed: "The problem of energy imbalance has not been created within a year, therefore solving this issue also requires time, and of course the people have a special role in this field."

Iran is working in the Horn of Africa to expand its strategic depth, resist the pressure of competing powers and balance their activities, and this issue has also affected its oil policies.

According to the available statistics, the export of oil in the 5 months of 2024 is equal to about 20 billion dollars, of which 131 thousand billion tomans was the government's share in the 5-month budget cut.