TEHRAN June 10(Shana)--The spokesman for the Iranian government has said that the country�s revenue from selling oil has sharply fallen to $24 billion.

�[Iran�s] $118-billion revenue from selling oil has fallen to $24 billion,� Mohammad-Baqer Nobakht said.

He added that �we should run the country� with this amount of petrodollars �while many half-complete projects� have been abandoned.

�The country�s petrodollars have declined, but we will run the country even with this revenue,� he said.
Nobakht said Iran�s economic growth has reached 3%, adding that the economy had shrunk under the government of former president Mahmoud Ahmadinejad.

International sanctions, which were imposed on Iran�s oil sector in 2012, and a record fall in oil prices have eaten away at Iran�s oil revenues in recent years.

By SHANA