Iranian Oil Minister Says it Sold $18 Billion of Oil During War and Ceasefire

Iranian Oil Minister Mohsen Paknejad said 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% of the oil revenue forecast in Iran’s annual budget, Paknejad said.

(Reporting by Enas Alashray; Editing by Louise Heavens)

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