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42%  
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  • Iran sees $60bn oil income

    06/25/2006 3:25:06 PM PDT · by familyop · 8 replies · 413+ views
    Tehran - Iran expects to earn $60bn from oil exports in its current financial year that ends on March 20, 2007, state television reported on Sunday. "Last year, we earned about $50bn from oil sales. This year this figure will reach more than $60bn," Oil Minister Kazem Vaziri-Hamaneh was quoted as saying. "Iran generally exports between around 2.3 million and 2.4 million barrels per day. But today we have around 2.25 million barrels per day of exports," he said, adding Iran's oil was sold at about $62 per barrel on Saturday. Last Wednesday, Iran said it has raised its oil...