Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

IRAN

Irans Oil Revenue Projected To Reach $45Bn In 2005-06

Irans oil export revenue in the Iranian year ending on 20 March 2006 is projected to reach $45bn, according to the Director for International Affairs at the National Iranian Oil Company (NIOC) Hojjatolah Ghanimifard. The revenue projection is based on an average oil price of $50/B during the period March-September 2005 and an export volume during the year of 900mn barrels...