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shei12 1DUBAI: Iran's oil sales revenues have slumped by 45 percent since last March and are likely to remain low over the next three months, Iranian Oil Minister Rostam Qasemi told a parliamentary budget committee on Monday, according to Iran's ISNA news agency.


Qasemi has typically played down the impact of Western restrictions on oil sales but he told Iranian MPs on Monday that sales volumes had fallen by 40 percent over the last nine months while earnings had dropped by 45 percent, ISNA quoted the spokesman for the budget and planning committee as saying.


Center>Copyright Reuters, 2013


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln