VOL.XXXIXNo. 5728-October-1996IRAN

AghazadehExpects Oil Revenue To Top $18Bn In 1996-97The Iranian Oil Minister, Mr. Gholamreza Aghazadeh, said on 18October that his country expects its oil revenue to exceed by morethan $2bn the budget forecast of $15.99bn for the current year1375 (year to 20 March 1997). Oil revenue in 1375 was based on aconservative average oil price of $15.50/B before therecent rally in oil prices. According to Iranian television Iran's crudeoil has beensold at an average...