MP: Iran's daily oil exports forecast to be 1.5 million barrels

Oil&Gas Materials 5 March 2019 19:02 (UTC +04:00)

Baku, Azerbaijan, March 5

By Elnur Baghishov - Trend:

In the upcoming Iranian year (starting on March 21, 2019), Iran is expected to export daily 1.5 million barrels of oil at the price of $54 per barrel, Iranian MP Gholam Reza Kateb said, Trend reports via Mehr News Agency.

The MP noted that there's need to decrease expenses and additional expenses should also be avoided.

Iran's approved budget in the upcoming year is 4.48 trilliard rials (roughly $106 billion), Katebi said.

Taking into account existing deficits in the next year's budget, it's crucial to decrease expenses, the MP stressed.

He added that the budget's revenues from taxes and duties are expected to be 2.08 trilliard rials (roughly $49.5 billion).