Iranian Oil Revenue Exceeds Budget Forecast In 1995-96
Iran's actual revenue from exports of crude oil, refined products and gas liquids in the Iranian year 1374 (ending on 19 March 1996) was $1.6bn higher than the original budget projection, according to the Iranian Oil Minister, Mr. Gholamreza Aghazadeh. The 1374 budget conservatively estimated oil revenue at $13.5bn, based on an average oil price of $15/B. The increase in revenue was occasioned by...
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