Budgets & Revenues

Aghazadeh Says Oil Revenues Running At 20% Above Budget Forecast

The Iranian Oil Minister, Mr. Gholamreza Aghazadeh, said last week thatIran's actual oil revenues over the past six months are running at 20% above thebudgeted figure and expressed the hope that the trend will continue. Mr.Aghazadeh did not specify what the budget target was, but the Iranian budget forthe current fiscal year 1994-95 estimates oil revenues at $10.15bn. In...