Economy     [all categories]
  Iran forecasts $20 bln in oil earnings in year

Post New Topic  Post A Reply
profile | register | preferences | faq | search

UBBFriend: Email This Page to Someone! next newest topic | next oldest topic
Author Topic:   Iran forecasts $20 bln in oil earnings in year
posted January 30, 2001 08:56     Click Here to See the Profile for Vatandoost   Click Here to Email Vatandoost     Edit/Delete Message   Reply w/Quote
TEHRAN, Jan 29 (Reuters) - Iran said on Monday it expected to earn about $20 billion from crude oil exports in the year to March.
"If oil prices remain in the present mode and there are no more production cuts, we hope to earn about $20 billion by the end of the (Iranian) year," said Hojjatollah Ghanimifard, acting vice-president of the National Iranian Oil Company.

The Iranian year ends on March 20.

Iran, the second largest producer within OPEC, had forecast to earn $11.5 billion from crude exports in its current budget.

Ghanimifard told the official IRNA news agency that Iranian crude had fetched an average of $25.5 a barrel during the first 10 months of the Iranian year.

Iran was assigned a production quota of 3.689 million barrels per day (bpd) at the last OPEC meeting which agreed output cuts of 1.5 million bpd from February 1.

IP: Logged

All times are PT (US)

next newest topic | next oldest topic

Administrative Options: Close Topic | Archive/Move | Delete Topic
Post New Topic  Post A Reply
Hop to:

Contact Us | Iran Online | Privacy Statement

Iran Online is the registered trade mark of  Manou & Associates Inc.
Copyright © 1998 Virtual factor LLC, All rights reserved.

Powered by Infopop © 2000
Ultimate Bulletin Board 5.45c