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Majlis drafts plan to cut oil sales by one third

Service : Politic
Tehran, Nov 6 (ICANA) – Eighteen members of the Iranian Majlis have drafted a plan calling for oil exports to be cut by one third to address the sanctions since oil revenues currently meet the budgetary requirements of the administration.
Tuesday, November 06, 2012 4:53:10 PM
Majlis drafts plan to cut oil sales by one third

The international sanctions imposed on the country have provided an opportunity for the nation to take advantage of the rise in oil revenues as a means to counter the sanctions, the MPs said.

Iran’s oil revenues have risen due to the rise in the exchange rate of the U.S. dollar against the rial in recent months.

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