VOL. XXXIX

No. 29

15-April-1996

IRAN

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...