Javad Owji, who made the remarks in his talks with reporters on the sidelines of the cabinet’s weekly meeting, had earlier said oil products and exports were climbing in spite of “harsher” sanctions.

He noted that promotion of energy diplomacy and relations with Asian, African, and Latin American countries has helped Iran create new markets for selling its oil.

The minister added international institutes, which monitor the countries’ oil exports, have reported the hike in Iran’s output and exports.

Last month, a Reuters report quoting consultants, shipping data and a source familiar with the matter said Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, adding to global supply when other producers are limiting output.

Iraq debts

Owji said Iran will collect debts Iraq owes for importing gas in different ways.

There is no limit, underlined the minister, adding, “We collect debts by receiving cash and bank drafts or bartering products.”