Minimizing reliance on petrodollars, Iran strategy: Zangeneh

shana – Iranian Minister of Petroleum Bijan Zangeneh said despite the fact that among the oil-exporting countries in the region, Iran’s budget was the least dependent on petrodollars, the macroeconomic policy of the country “is to reduce the dependence of the budget on oil revenues.”

According to ICANA, Mr. Zangeneh, said the administration was seeking to minimize its dependence on oil revenues in the national budget bill, which was why tax duties would increase in the coming year.

The Iranian Minister of Petroleum, emphasizing that the current situation was an opportunity for Iran, saying plans needed to be worked out to diminish expenses in various sectors.

He further said that the price per barrel of oil in the next year’s budget bill was set at $54 per barrel.