VOL XL

No. 02

13-January-1997

IRAN

Iran's Actual Oil Revenue Exceeds BudgetProjections In 1996-97

Iran's oil revenue in the first nine months of theIranian year 1375 (which started on 20 March 1996) is running at $2.67bn more than theprojected revenue for that period in the current budget as a result of higher oil prices,according to Dr. Hojatollah Ghanimi Fard, Director for International Affairs at theNational Iranian Oil company (NIOC). However, Dr. Ghanimi Fard, who was quoted by thedaily ...