VOL. XXXII

NO. 27

10-APRIL-1989

IRAN

Higher Prices Earn Iran $1.5bn Extra

Higher oil prices in the last three months have resulted in a $1.5bn windfallin extra revenues for Iran, according to the Iranian Oil Minister, Mr.Gholamreza Aghazadeh. Speaking on Tehran radio (on 31 March, Mr. Aghazadehsaid that "we are now selling our oil at 50 cents to a dollar more thanofficial OPEC prices," and that "I have calculated that in the pastthree months, our country's revenue has increased by $1.5bn due to...