VOL. XLII

No. 04

25-January-1999

OPEC

1999 Oil Revenue And Price Assumptions In Three OPECCountries

In Iran, oil revenue in the 1999-2000 budget(starting on 21 March) is estimated at $12.084bn, according to projections madeon 20 January by the Iranian parliament, which is currently debating thebudget. The revenue consists of $10.612bn from crude oil exports and $1.472bnfrom exports of petroleum products and natural gas. The revenue estimates fromcrude oil exports would require an oil price of...