Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

IRAN

Iranian Budget To Be Based On $39/B

The head of Irans Management and Planning Organization Farhad Rahbar has said that the oil price assumption in the new budget, starting 21 March 2006 and due to be unveiled by the end of this month, will be around $39.3/B. The price is much higher than the $19/B first assumed in the budget for the current fiscal year when it was announced in January 2005 (MEES, 17 January 2005).

The oil price...