Iran forms 2015 budget at oil price of $65-70 per barrel

Iran forms 2015 budget at oil price of $65-70 per barrel

The Iranian government is forming the budget of 2015 at an oil price of $65-70 per barrel and a dollar price of 32,000-35,000 rials, according to Ezatollah Yousefian-Molla, a member of the Iranian parliamentary commission for planning and budget, Trend reports.

If the oil price drops below that forecast, the budget may have a deficit. Should it be higher, additional funds will be allocated to the National Development Fund.

Yousefian-Molla added that about 1 million barrels a day will be exported in 2015, compared with 1.2 million barrels a day today.

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