Iran's Oil Minister Says War-Damaged Facilities on Track for Restoration
Mohsen Paknejad says reconstruction of oil industry infrastructure damaged during recent conflict with the US and Israel is progressing, with partial capacity to return by late March.
Iran's Oil Minister Mohsen Paknejad said reconstruction of oil industry facilities damaged during what he described as the US-Israeli-imposed war was progressing well, according to a report by Iran's state news agency IRNA.
Paknejad said part of the lost production capacity is expected to be restored by the end of the current Iranian calendar year, which falls in late March, IRNA reported.
The minister's remarks did not include specific details on the scale of the damage to oil facilities, the cost of repairs, or which sites are undergoing reconstruction, according to the IRNA report.
IRNA did not provide further details on the timing or nature of the conflict referenced by the minister, nor did it specify what proportion of overall capacity has already been affected or restored.
Iran's oil sector, a major source of government revenue and export earnings, has previously faced disruptions from sanctions and periodic tensions in the region. IRNA's report did not include independent verification of the minister's claims or additional comment from other officials.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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