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Iran earns $2.6b surplus oil revenues in four months

The country has earned 2.6 billion dollars in surplus oil revenue in the first four months of the current Iranian year (started March 21), a senior planning expert said in Mashhad, Khorasan province on Friday, IRNA reported.

Mohammad Sattarifar, head of the Management and Planning Organization (MPO) made the disclosure during a session of the Khorasan Provincial Planning Council.

He said the revenue will be deposited in the country's surplus foreign exchange account if the trend toward increasing oil prices continues.

The official noted that the country's foreign exchange revenue stood at 8.1 billion dollars in the last Iranian year (1381) and that 4.4 billion dollars of this amount went to the production and job creation sectors.

Sattarifar went on to say that the private sector is asking for a five-billion-dollar allocation for various projects from the organization, and that the government has already awarded contracts worth 2.1 billion dollars to various economic sectors.

The MPO head also said that the western province of Kermanshah had received 400 million dollars from the government's special forex account for development of the Assalouye region. The projects, once operational, are expected to fetch some 10 billion dollars in revenue for the country.

Sattarifar further said that the outlines of the government's Fourth Economic Development Plan is now being studied, adding that the plan will not be merely relying on usual credit sources as previous plans did.

He pointed out that numerous opportunities exist for promotion and development of the country which do not require budget allocations.

Sattarifar referred to tourism as an area with an intrinsically big potential for contributing to national development and Iran's high capacity in this respect.

He said that out of the 900-1200 billion dollars in global earnings from tourism, at least 30 billion dollars should be captured by Iran.

... Payvand News - 8/9/03 ... --

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