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Iran's oil minister says it sold $11 billion worth of oil during war, another $6.5 billion during truce

Times of Israel · back to the audit

Iranian Oil Minister Mohsen Paknejad says Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100 million barrels of stored crude oil and gas condensate. The sales generated more than 60 percent of the oil revenue forecast in Iran's annual budget, Paknejad says.