Iraq Gas Debts to be Collected “in Different Ways”

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Iraq Gas Debts to be Collected

The Minister of Oil in Iran has reported that the country’s oil sales are doing well. Additionally, the Minister stated that the outstanding gas debts owed by Iraq to Iran will be collected using various methods.

On Wednesday, Javad Owji spoke to reporters during the weekly Cabinet meeting and mentioned that Iran’s oil sales and exports were increasing despite the harsh sanctions imposed by Western countries.

The individual observed that by prioritizing energy diplomacy and building relationships with countries in Asia, Africa, and Latin America, Iran has successfully diversified its oil market.

According to SHANA, the minister stated that international organizations that closely monitor the oil exports of different countries have reported an increase in both Iran’s oil output and exports.

According to a report from Reuters last month, sources including consultants, shipping data, and an individual with knowledge of the situation have stated that Iran’s crude exports and oil production have reached record levels in 2023, despite the US imposing sanctions.

In addition to his previous statements, the oil minister stated that Iran plans to retrieve the debt owed by Iraq for importing gas from Iran through various methods.

According to Owji, there are no limits when it comes to debt collection. Payments can be made through cash, bank drafts, or even exchanging goods.