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EghtesadOnline: Iran plans to sell its crude oil at around $50 per barrel over the next year.

Iranian President Hassan Rouhani presented the annual budget bill to the Parliament on Sunday, which displayed a total income of around $33 billion from selling 2.42 million barrels per day of crude oil at $50 each.

According to ISNA, the bill shows significant progress at oil revenues for the next year. The announced amount shows a rise of 25 percent compared to the budget for the current year.

President Rouhani stated that good progress has been made, adding the recent “victory” in OPEC paved eth ground for the country to move ahead with its crude oil production and export plans with no limitations.

Iran oil Iran oil revenues