Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

IRAN

Iranian Parliament Lowers Oil Price Assumption To $34.5/B In New Budget

Amid concerns among a number of deputies in the Iranian parliament about high dependence on oil revenue and rising inflationary pressures in next years budget which starts on 21 March, the parliamentary Joint Commission decided on 12 February to lower the oil price assumption in the draft budget to $34.5/B from the earlier estimate of $40/B when the budget was...