BAKU, Azerbaijan, January 11. The value of Iran’s crude oil and petroleum products sales is expected to be 6.03 quadrillion rials (about $26.2 billion), according to the budget bill for the next Iranian year (March 21, 2023 through March 19, 2024), Trend reports.
Under the budget bill, Iran plans to sell 1.4 million barrels of crude oil per day at an average price of $85 per barrel.
Regarding to the crude oil and petroleum products sales, 230,000 rials are provided for $1 US dollar in the budget bill.
Furthermore, the budget bill plans to receive 1.08 quadrillion rials (about $4.7 billion) of income due to the transfer of movable and immovable property to investors in the oil and gas sectors.
On January 11, 2023, Iranian president Ebrahim Raisi submitted the next year's budget bill to the Iranian parliament for review and approval.
According to the budget bill prepared by the Iranian government of Iran for next Iranian year, the overall state budget will be 52.6 quadrillion rials (about $1.25 trillion).
Iranian government has increased the state budget by 44.5 percent in the budget bill for the next Iranian year (March 21, 2023 through March 19, 2024), compared to the current year’s budget (March 21, 2022 through March 20, 2023).
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