VOL. XXXVII
NO. 1
4-OCTOBER-1993
Financial and Banking News
BUDGETS AND REVENUES
Iranian Oil Revenues Almost On Target, Says Aghazadeh
The Iranian Oil Minister, Mr. Gholamreza Aghazadeh, said on 1 October thatIran has realized about 90% of its budgeted oil revenue during the first half ofthe current Iranian year, which began on 21 March. The budget was based on asales price for Iranian crude of $17/B, implying a basket price of around$18.50/B, and implied production of 3.69mn b/d (MEES, 8...
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