US President Donald Trump's revised hardline policy towards Iran will have little impact on Tehran's ambition to develop its vital oil sector and attract foreign investment, said a senior Iranian official on Tuesday.
Iran is studying a request by Uzbekistan to export crude oil to the Central Asian republic — an announcement that shows the list of Iranian oil clients is growing as the nation pumps more crude to international markets.
South Korean Minister of Land, Infrastructure and Transport Kim Hyun-mee met with Iranian Oil Minister Bijan Zanganeh, on Tuesday, in Tehran. She told the media that South Korea backs companies wishing to invest in Iran.
South Korea's imports of Iranian crude oil hit the highest level in six months in September amid Iran's push to regain its lost market share during years it was under sanctions over its nuclear program.
Market figures show that South Korea’s imports of crude oil from Iran hit the highest level in six months in September in a fresh sign that the Islamic Republic is pushing ahead with plans to regain the market share it lost as a result of multiple-year sanctions.
Turkey has seen a massive increase of 142 percent in its crude oil imports from Iran in the first seven months of 2017, compared to the same period last year, according to data gathered from Turkish energy watchdog's monthly report published late September.