EghtesadOnline: Budget deficit, the mismatch between the government’s spending commitments and what it is projected to earn in oil revenues, taxes and other sources of income, has been a way of life for Iranian governments for most years since the early 2000s.
EghtesadOnline: Iran exported 2.25 million barrels per day (bpd) of crude oil to customers in Asia and Europe in September, data released by the Ministry of Petroleum showed on Saturday.
EghtesadOnline: US Interior Secretary Ryan Zinke says Washington is now better placed to use its “economic dominance” to cut Iran's oil revenues.
EghtesadOnline: Iran has earned over $23 billion from selling crude oil in roughly six months since the beginning of the present fiscal year in March, the Central Bank of Iran reported, indicating a strong recovery in Iran’s oil industry since last year’s lifting of sanctions.
EghtesadOnline: Following misleading reports in the media, the Central Bank of Iran has sought to set the record straight on the recent stream of foreign finance deals, saying the government is their sole guarantor and that oil revenues are not involved.
EghtesadOnline: Oil revenues grew by 333.2% and tax revenues fell by 1.6% in the first quarter of the current Iranian year (March 21-June 21) compared with last year’s corresponding period.
EghtesadOnline: In the current fiscal year, $15 billion from oil revenues will be deposited in the National Development Fund of Iran, the government spokesman announced.
EghtesadOnline: Iran will miss out on substantial revenues from oil and gas fields unless it raises the rate of recovery from its underground hydrocarbon reservoirs with the help of advanced technical know-how, the former head of a committee responsible for designing the new Iran Petroleum Contract said.
EghtesadOnline: Reducing dependency on oil revenues and diversifying its income sources have been on the agenda of Iran's government for the past four years, the Iranian minister of economy said.
EghtesadOnline: President Hassan Rouhani criticized the parliament for tying the government’s hands on access to Iran’s sovereign wealth fund amid the financial crunch caused by lower oil revenues.