Oil Revenues to Reach $23.7b

Oil Revenues to Reach $23.7bOil Revenues to Reach $23.7b

The government's annual oil revenue is estimated to reach 650 trillion rials (roughly $23.7 billion at official exchange rate) this year, a lawmaker was quoted by Shana news agency as saying. Mehdi Mofateh said that for the next year (begins March 22), Iran's daily oil export has been projected at one million barrels, and export of gas condensates at 300,000 barrels. "The budget also includes domestic sale of 12,000 barrels of condensate to petrochemical complexes."