Iran oil revenues higher by 50 % compared to projections
Iran’s oil revenues during the first four months of the Iranian calendar year(March 21-July 21, 2004), were 50 percent higher than expected in the current year’s budget, an official said Tuesday.
“The recent increase in oil prices has pushed income high above what has been projected in the current year’s budget,” said Mohammad Kord-Bacheh an official in the Management and Planning Organization, according to Fars News Agency.
Kord-Bacheh put the Islamic Republic’s oil revenue during the first quarter of the current Iranian year at $7-8 billion and said the Central Bank of Iran is in charge of depositing the Rls. equivalent of petrodollars into the national Treasury. (menareport.com)
© 2004 Mena Report (www.menareport.com)