Iran Braces for a Budget Without Oil Revenue ...Middle East

OILPRICE - Economy
Iran Braces for a Budget Without Oil Revenue
Iran is drafting next year’s budget under the premise that oil revenue could fall to zero, with senior budget official Mohammad Ghasemi telling the government on Monday to prepare for that scenario, as the country appears to be weeks away from that eventuality. Iran has loaded no crude since August 25, according to the US Treasury, and the oil it held at sea outside the US blockade fell from 88.8 million barrels in mid-July to zero by mid-October. Chinese buyers pay one to two months after delivery, so Kpler expects that revenue could stop…

Hence then, the article about iran braces for a budget without oil revenue was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Iran Braces for a Budget Without Oil Revenue )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News