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Oil price in Iranian New Year budget fixed at $35 per barrel

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ar per barrel in the Iranian New Year 1395 Budget (will start on March 20, 2016).

‘The Government will deliver the budget bill to the Parliament next week,’ said Moazzami in a Conference of the Oil Products Exporters.

The Head of the Budget and Planning Organization Mohammad Nobakht had on Wednesday, December 23 announced that President Hassan Rouhani’s Cabinet will deliver the Budget to the Parliament within two weeks.

In current Iranian year, 1394 Budget the national economy’s dependence on oil money had decreased from the previous year’s 40% down to 32% and the crude oil sale price was fixed at 70 dollars per barrel.

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