Iran says part of oil revenues to fund industrial reconstruction

Iran’s oil minister Mohsen Paknejad said that a portion of oil revenues will be allocated to rebuilding the industry damaged during military actions.

He noted that recent oil sales have been profitable, Caliber.Az reports, citing Reuters.

Paknejad said oil workers continued operations at all facilities during the conflict to ensure exports were not halted “even for ​a single ​day,” including at key export terminals such as Kharg Island.

He added that the selling price of Iranian oil had risen significantly in recent weeks.

By Bakhtiyar Abbasov