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Iran eyes to invest oil export revenues

Oil&Gas Materials 23 March 2022 10:41 (UTC +04:00)
Iran eyes to invest oil export revenues

TEHRAN, Iran, March 23. Iran is planning to invest 's oil export revenues instead of using them for expenses, said First Vice President Mohammad Mokhber, Trend reports citing IRNA.

"It is necessary to reduce reliance on oil revenues to reform the budget," he said. "The crude oil sale must be prevented to improve the sale of oil products."

The official went on to say that the administration has increased the volume of essential goods reserves by assigning $8 billion worth of credit in the current Iranian year (started March 21, 2021).

According to the first VP, the Ministry of Economic Affairs and Finance eyes to reform the banking system and improve electronic government.

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