Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of the world and the possible demand destruction, saying: “There are concerns about the possibility of a glut in the oil market in the coming months.”

Iranian Minister of Petroleum Javad Owji had a telephone conversation with Tareck El Aissami, Vice President and Minister of Oil of Venezuela, regarding the development of cooperation between the two countries in the field of energy and the latest developments in the global oil market.

The Iranian Ministry of Petroleum (MOP) has launched its office in Baghdad, Iraq.

Iran and Russia signed four cooperation documents at the 16th meeting of the Joint Economic Commission with the aim of expanding the relations between the two countries.

Iranian Minister of Petroleum Javad Owji voiced Iran’s preparedness to cooperate with Japanese companies in the field on energy, and said: “Iran can play an important role in providing the energy needed by Japan.”