NO. 17


Financial and Banking News

Budgets & Revenues

Iran's Draft Five Year Plan Sees $64bn In Oil Revenues

The draft version of Iranian's forthcoming five-year plan, which will beginin March, projects total oil revenues of $64bn, based on prices of $14/B in thefirst years of the plan, rising to $16/B in later years, according to Oil Minister Gholamreza Aghazadeh. Mr. Aghazadeh gave noprojections for crudeexports. The $64bn target does not seem unduly optimistic. In...