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Iran's yearly oil revenue to exceed $52b

TEHRAN, June 22 (Mehr News Agency) - A National Iranian Oil Company (NIOC) official said here on Friday that the country's oil revenue will amount to $52.13 billion in the current Iranian year (to end March 20, 2008).

Talking to MNA, the NIOC's director of international affairs department Hojattolah Ghanimifard denied the Business Monitor International's report on a $4.32b fall in the country's oil revenue by March 2008.

Due to the high demand in summer, autumn, and winter, oil price would not have a significant plunge in the current Iranian year, he predicted.

... Payvand News - 6/23/07 ... --

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