IRAN

Iran Cuts Estimates of 1985-86 Oil Income 

Iran's projected oil revenues in the 1985-86 budget (covering the Iranian Year 21 March 1985-20 March 1986) have been reduced by the Budget Committee of the Majlis (parliament) to $17.5bn instead of the $20bn in the original estimates last November (MEES, 3 December 1984). And, according to the Deputy Chairman of the Committee, Hojjatolislam Gholam-Hossein Naadi, it is unlikely that even this target will be met, in view of the OPEC...