A spokesman for the Iranian government says the country can be managed without oil. Meanwhile, Iran’s revenues from oil were down by 11 percent in November. The Mehr News Agency reports that government spokesman Mohammad Bagher Nobakht referred to the fall in oil prices, saying: “Oil and oil products account for one third of […]
Tag: government budget
Iran’s next budget adjusted for continued sanctions, low oil price
Iran’s Minister of Economics has announced he is prepared to present the country’s budget to Parliament now that the outcome of Iran’s nuclear talks has determined that international sanctions will persist. The budget for the coming year reportedly assumes an oil price of $70 per barrel. One day after parties agreed on extending the […]