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Majlis Committee Cuts Crude Export Forecast

Majlis Committee Cuts Crude Export Forecast
Majlis Committee Cuts Crude Export Forecast

The parliament cut the government's oil export forecast in the next fiscal budget from 2.3 million to 1.5 million barrels a day, head of the energy committee of the Majlis Budget Integration Commission said.
"The proposed 2.3 million-barrel ceiling was unrealistic and unlikely to be realized ... In the best-case scenario, the commission came to the conclusion that the National Iranian Oil Company will be able to export 1.5 million barrels," Malek Shariati-Niasar was quoted as saying by ISNA.
Income from selling 2.3 million barrels of crude a day in the domestic and international markets ($9 billion) is forecast in the 2021-2022 budget...

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