NO. 12


Financial and Banking News

Budgets & Revenues

Iranian Oil Revenues Estimated At $14Bn In 1995-96 Draft Budget

Iranian oil export revenues for 1374 (21 March 1995-20 March 1996) areestimated at $14.3bn in next year's draft budget which was presented on 13December to the Majlis (parliament) by Iranian President Hashemi Rafsanjani.This compares with a budgeted figure of $10.15bn for the current year, butactual oil revenues for this financial year are expected...