Iran's oil export revenues to hit $ 59 bn by yearend
Iran's oil export revenues are expected to reach as high as $ 59 bn by end of 2005 given crude price hikes, Business
Monitor Institute was quoted as saying in its latest report in August.
Business Monitor's August estimate shows a $ 10 bn increase in the revenues compared to the June report which put
them at $ 48.3 bn for the year 2005.
Business Monitor believes that Iran's petrodollars will reach as high as $ 49.5 bn in the year considering the
growing trend and stability of crude prices on the world markets over recent months.
The Institute also puts Iran's non-oil commodity earning in the year at $ 9 bn, which would push Iran's export
revenues up to about $ 59 bn by the end of 2005.
It also estimates Iran's imports to stand at $ 41.94 bn by December 2005, which would peg Iran's trade balance at
about $ 17 bn.
The report said Iran's current account balance will also amount to $ 14.5 bn in 2005 with the GDP constituting 6.68 %
of the figure.
