Iran’s Oil Minister, Javad Owji, has responded to accusations regarding the pricing of Iran’s oil exports, asserting that discounts under the current administration are smaller compared to those under the previous government. The allegations, originating from two presidential candidates, suggested that Iran was selling its crude at significantly reduced rates, citing the Islamic Republic News Agency.
“We did not sell oil at massive discounts under this government, and I refute the recent claims made about this,” Owji stated to the media. He highlighted the government’s success in enhancing oil sales through innovative approaches, such as leveraging overseas refinery capacities.
Separately, Owji was quoted by IRNA indicating that under the Raisi administration, Iran had increased its daily oil production from 2.2 million barrels to 3.6 million barrels, with plans for further expansion to 4 million barrels by the end of the current Iranian year.
Last week, Owji also disclosed that Iran had raised its crude oil production by 1.4 million barrels per day over the past three years. During this period, the government initiated 150 oil industry projects valued at $34 billion.
Owji emphasized that the oil industry achieved a remarkable 20% growth rate last year, the highest among all sectors of the Iranian economy. He added, “With the measures that have been taken in President Raisi’s government in the field of the oil industry, I should announce that any government that comes to power in the US cannot prevent the export and production of Iranian oil.”
Iran is preparing for presidential elections this Friday following the recent tragic death of President Ibrahim Raisi in a helicopter crash last month.
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