Iran's Oil Minister Rostam Qasemi said Sunday that Democratic People's Republic of Korea (DPRK) is negotiating with Tehran over the possibility of importing oil from the Islamic republic, Press TV reported.

Qasemi made the remarks in a press conference on the sidelines of an ongoing International Oil, Gas, Refining, and Petrochemical Exhibition in Iran's capital, Tehran.

The Iranian oil minister expressed hope that an agreement would be reached between the two countries about DPRK's willingness to import Iran's crude.

Elsewhere, he said that Tehran has economic relations with many countries including Syria. The Islamic republic is sill exporting oil to Damascus despite the recent developments in the country, added Qasemi according to the report.

"We have declared to Lebanon our readiness to participate in their explorations" for crude, he further added.