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Iran's export revenues to hit 59 billion dollars by end of 2005

Tehran, Aug 21, IRNA-Iran's oil export revenues are expected to reach as high as dlrs 59 billion by end of 2005 given crude price hikes, Sunday edition of the Persian-language daily `Abrar' quoted Business Monitor Institute as saying in its latest report in August.

Business Monitor's August estimate shows a dlrs 10 billion increase in the revenues compared to the June report which put them at dlrs 48.3 billion for the year 2005.

Business Monitor believes that Iran's petrodollars will reach as high as dlrs 49.5 billion in the year considering the growing trend and stability of crude prices on the world markets over recent months.

The Institute also puts Iran's non-oil commodity earning in the year at dlrs nine billion, which would push Iran's export revenues up to about dlrs 59 billion by the end of 2005.

It also estimates Iran's imports to stand at dlrs 41.94 billion by December 2005, which would peg Iran's trade balance at about dlrs 17 billion.

The report said Iran's current account balance will also amount to dlrs 14.5 billion in 2005 with the GDP constituting 6.68 percent of the figure.

... Payvand News - 8/22/05 ... --

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