TEHRAN, June 27 (Mehr News Agency) — Mohammad Hadi Nejad-Hosseinian, deputy oil minister for international affairs, said here on Tuesday the country's annual oil revenues will hit 60 billion dollars by the end of current Iranian year (March 20, 2007).

The ministry has so far gained a quarter of the figure during the first three months, he told the MNA.

Nejad-Hosseinian added the country will export 450 million cubic meters of gas per day as of 2016 if necessary investments are made at due time.

Shifting to Iran-Pakistan-India (IPI) gas pipeline project, the deputy said, "Pakistan has yet to invite the trio's experts to a meeting to discuss the price."