VOL. XXXVI

NO. 43

26-JULY-1993

Financial and Banking News

BUDGETS AND REVENUES

Iranian Oil Revenues Reach 90% Of Target In First Quarter

Iranian oil revenues in the three months to 21 June (the first three monthsof the Iranian financial year) were 90% of the budgeted figure, Oil MinisterGholamreza Aghazadeh said on 21 July. He added that the revenues for the fullyear should meet the budget target of $17bn. The figure of $17bn is based onaverage exports of 2.7mn b/d at $17/B. Iranian exports during...