Iranian government today released the projection for the volume of oil export and revenues in the new Iranian calendar year 1392, beginning 20 March. Iran’s oil exports is estimated to be an average of 840,000 barrels a day, a drop of 1.8 million b/d in less than a year. Oil export’s annual revenues are predicted to be $31 billion, a drop of $20 billion over the same period this year and a drop of more than $60 billion compared to the revenues last year. (Tabnak, 28 February)
UPDATE: The estimates quoted by Tabnak and reported above were part of government’s budget proposal for the new Iranian calendar year of 1392 (starting 20 March) that was presented to Majlis on Wednesday and reported by the country’s official news agency.