Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the country’s oil revenues have increased significantly over the past few months,
Iranian Labour News Agency
Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the country’s oil revenues have increased significantly over the past few months,
The head of Iran’s Planning and Budget Organization has told parliament that the government needs $18 billion to import essential foods in the next few months.
Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments.
In the current fiscal year, $15 billion from oil revenues will be deposited in the National Development Fund of Iran, the government spokesman announced.
Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year (started on March 21), according to a top official with the Petroleum Ministry.
Deputy oil minister said Iran perceives no limitation in receiving oil revenues as routine transactions are underway between European banks and Central Banks of Iran (CBI).