Middle East Economic Survey


No 2



Irans Oil Revenue Projected To Top $28Bn In 2004-05

Irans oil revenue in the fiscal year ending on 20 March 2005 is projected to exceed $28bn, according to the Deputy Governor of the Central Bank of Iran (CBI) Mohammad Mojarrad. The increase in oil revenue occasioned by higher oil prices during the year will allow the government to transfer some $5bn to the countrys reserve fund, or Oil Stabilization Fund (OSF), he said, adding that...