VOL. XLV

No 10

11-March-2002

IRAN

Irans 2002-03 Budget Assumes $19/B Oil Price With Oil Revenue Set At $12.8Bn

Iranhas assumed an oil price of $19/B in its 1381 budget, which starts on 21 March 2002,according to Iranian OilMinister Bijan Zanganeh.The Iranian parliament on 27 February approved the budget, which is set atIR693.5bn, or $90bn at the unified exchange rate of $1=IR7,700to be introduced in the new budget. The figure of IR693.5bn, consisting ofIR273.4bn ($35.5bn) for the general budget...