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Oil Minister: Iran ready to resolve global energy crisis if sanctions lifted

With the surge in global gas prices, a colder winter in Europe and Asia could in turn boost demand for oil

Oil Minister: Iran ready to resolve global energy crisis if sanctions lifted

Teheran, October 7 - Neftegaz.RU. As the supply of natural gas, coal and other energy sources fails to adequately satisfy demand, many countries are facing an energy crunch.
Iranian Oil Minister Javad Oji has said the country is ready to resolve the global energy crisis provided that the oppressive U.S. sanctions are lifted.

IRNA quoted Oji as saying:
  • The Islamic Republic has shown several times its goodwill to help stabilize the oil market and resolve the global energy crisis, but the oppressive U.S. sanctions hinder us to reach the goal
  • Iran has repeatedly declared that it would be able to swiftly increase its crude production to help alleviate the global shortage of fuel
Iran´s minister made the remarks while speaking after a meeting of the OPEC+ alliance of oil-exporting nations.
Oji explained:
  • People in the U.S. and some European countries have been paying the price for the unwise policies of their leaders who have banned crude exports from Iran as one of the leading energy suppliers of the world,
  • My recommendation to the decision-makers in these countries is that they should take a lesson from the current circumstances and lift sanctions from Iran so that people in all regions can benefit from cheap and accessible energy

The prices of natural gas, coal, oil and other energy sources have hit multi-year highs recently.
Europe is facing a worsening energy crisis in advance of the continent’s winter.

Since energy prices affect economic decisions across the supply chain, the rise in prices has had a significant impact on economies with many companies in Europe and Asia shutting down unable to bear high energy costs.

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