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Iran may increase oil export

Business Materials 3 March 2011 18:43 (UTC +04:00)
The Iranian Parliamentary Research Center has analyzed the country’s budgetary revenues and expenditures for the next year. (In Iran, the new year begins on March 21).

Azerbaijan, Baku, March 3 / Trend /

The Iranian Parliamentary Research Center has analyzed the country's budgetary revenues and expenditures for the next year. (In Iran, the new year begins on March 21). According to the center, the analysis indicates the government will increase oil export next year, Iranian donya e eqtesad.com online newspaper reported.

According to the information, Iran exported 2.26 million barrels of crude oil per day on average during the first nine months of 2010. However, analysis of the regulation of the budgetary revenues and expenditures indicates that the government intends to increase crude oil export to 2.3 million barrels per day next year.

Iranian Petroleum Minister Masud Mirkazimi told journalists in October 2010 that Iran possesses 150 billion barrels of oil. Until now this figure was supposed to amount to 138 billion barrels.

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