Sputnik- Iran�s revenues from sales of crude oil and gas will rise to reach approximately $41 billion by the end of the Iranian year on March 20, as the Organization of the Petroleum Exporting Countries (OPEC) and some key non-OPEC oil producers agreed to cap output, the country�s Oil Minister Bijan Zanganeh said Monday.

MOSCOW (Sputnik)�� He predicted that each barrel of�oil would be sold for $55, adding that the rise in�oil prices was rooted in�effects exerted on�the global market by�the oil output freeze deal.

�About 24.7 billion dollars of�oil revenues were received in�the first nine months of�the present year,� Zanganeh said as�quoted by�the Mehr news agency. In November 2016, OPEC agreed to�cut oil production by�1.2 million barrels per day to�32.5 million barrels per day for�the whole cartel starting 2017. On December 10, OPEC finished a meeting with�non-OPEC countries in�Vienna, at�which non-OPEC countries decided to cut oil output by�558,000 barrels per day, with�Russia cutting the output by�300,000 barrels per day from�January 2017.