Iran govt. faces balancing act
President Rouhani is hard pressed on how to balance the sheet amid steady slump in oil prices./ The Iranian government is grappling with a steady slump in oil prices and President Hassan Rouhani is hard pressed on how to balance the sheet. According to new official figures, Iran’s crude oil prices skidded to around $50 per barrel over the two months leading to January. That was 30% down from their value in October, the statistics released by the Central Bank of Iran show. The government’s revenues from the sale of oil and gas in the period ...
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