NO. 49


Financial and Banking News

Public Finance

Iranian Oil Revenue Is Running Above Budget Forecast

The Iranian Oil Minister, Mr. Gholamreza Aghazadeh, said on 30 August thatIran's oil revenue in the first five months (21 March-22 August) of the currentIranian year was $750mn above the budget forecast. The budget forecast for thewhole of the current year is $13.5bn based on a price of $15/B, (MEES, 20March). Mr. Aghazadeh said that the US oil embargo on Iran had not...