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Iran to allocate part of oil revenues for reconstruction after attacks, minister says

ranian Oil Minister Mohsen Paknejad makes a statement following a signing ceremony attended by Russian Energy Minister Sergei Tsivilev in Moscow
Iranian Oil Minister Mohsen Paknejad makes a statement following a signing ceremony attended by Russian Energy Minister Sergei Tsivilev in Moscow, Russia, April 25, 2025. REUTERS/Olesya Astakhova/File Photo
Iranian oil sales in ​recent weeks have ‌been favourable and part of the revenue ​will be ​allocated to repairing damage ⁠to industry caused ​by wartime attacks, ​Iran's oil minister said on Tuesday.
Mohsen Paknejad said ​oil workers had ​maintained operations across facilities ‌during ⁠the conflict, ensuring oil exports were not halted “even for ​a single ​day,” ⁠including at key export ​hubs such as ​Kharg ⁠Island.
The minister said last month that ⁠the ​selling price ​of Iranian crude had significantly ​increased.

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