23 February 2022 - 15:51
  • News Code: 453912
$70 Oil, 1.4 mbd Sales Envisaged in Budget Bill

TEHRAN (Shana) -- The spokesman of the presidium of the Islamic Consultative Assembly said: “With the positive vote of the representatives in the open session, the amount of oil exports in the next calendar year will be considered at 1.4 million barrels per day at a price of $70/b.

Seyed Nezamuddin Mousavi said on Sunday evening: “The based on the parliament’s decision, the amount of oil sales for the calendar year of 1401 will be considered at 1.4 mbd at $70 per barrel.”

He added: "Based on the deliberations of the relevant officials in the Budget Integration Committee and considering the country's capacity, this resolution has been finalized at the Integration Committee and the Ministry of Petroleum has announced that there is enough capacity to reach 1.4 million barrels per day of exports for next year."

The Speaker of the Presidium of the Islamic Consultative Assembly stated: "According to the upstream laws, an amount of oil sales is transferred to the National Development Fund every year, and this year this share will be about 40%."

News Code 453912

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