VOL. XLII

No 47

22-November-1999

IRAN

As Nourbaksh Says Oil Revenue Will Exceed BudgetProjections In Current Fiscal Year

As a result of firm oil prices, Irans oil revenue in thecurrent fiscal year ending on 20 March 2000 is expected to increase by $3bnabove the projected level in the budget, according to the Governor of theCentral Bank of Iran, Dr. Mohsen Nourbakhsh. The budget bill for the currentyear projected oil and gas revenue at IR21.148bn ($12.08bn) based on an oilprice assumption of...