BAKU, Azerbaijan, Dec. 5
By Elnur Baghishov – Trend:
It is estimated that daily 1 million barrels of oil and gas condensate will be sold in the next Iranian year (from March 21, 2021 to March 21, 2022) on based of budget project, Iranian Vice President and Head of the Plan and Budget Organization of Iran Mohammad Bagher Nobakht said, Trend reports citing the organization’s website.
Nobakht emphasized that according to Iran's budget project for next Iranian year, the maximum sale of crude oil and gas condensate per day is estimated to be 2.3 million barrels.
The vice president added that if this intended sale does not take place, it can be preselled within the country.
"If there are more sales than planned, all earnings from the additional sales will be added to the reserves of the National Development Fund of Iran," he said.
The official noted that oil revenues are estimated to be about 1.99 quadrillion rials (about $47.4 billion) in next year's budget.
On Dec.2, the budget project of the Iranian government for next Iranian year was submitted to parliament for approval. According to the budget project, next year's budget is estimated to amount about 24.4 quadrillion rials (about $580 billion) in total.