Iran okay even with $25 oil

TEHRAN Jan 20(Shana)–Iran will run its affairs even if oil prices fall to $25, minister of economy has said.
“[Even] if oil drops to $25 we will again run the budget properly,” Ali Tayyebnia said.

“Under the circumstances where we cannot express ourselves about the price of oil next [calendar] year, the most logical behavior would be for the government to prepare itself for all options,” the minister said.

He said the government is preparing itself to deal with any oil price.

The minister said the government will see its revenues fall by IRR 25,000 billion if oil price falls to $40.

In its budget bill for next calendar year starting on March 21, the Iranian government has sought to reduce dependence on petrodollars. 

By SHANA

 

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