Iran oil export revenues down 45pc since March: ISNA

DUBAI: 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