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Gholamreza Mesbahi Moqaddam:

Gov't to reduce dependence on oil revenues in next year budget

Service : Politic
Tehran, Nov 26, (ICANA) – Member of the parliament's Budget and Planning Commission Gholamreza Mesbahi Moqaddam says that Iran plans to decrease its reliance on oil revenues in its next year state budget to one million barrels a day, adding that the country will try to increase its income in the non-oil export sector, instead.
Monday, November 26, 2012 5:07:34 PM
Gov't to reduce dependence on oil revenues in next year budget

"Apparently, the government wants to decrease the 1392 (the next Iranian year starting on March 21) state budget's reliance on oil exports to one million barrels a day," Mesbahi Moqaddam said on Monday.

He said that the parliament is not concerned about deficiency in the 1392 state budget due to the western oil sanctions for the country sees crude embargos as an opportunity to reduce or even cut the country's reliance on oil exports.

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