Iran must take measures against low oil price- MPs
The members of the energy commission in Iran's Parliament believe that Iranian government should take measures against falling oil price to prevent any budget deficit. OPEC's current oil basket price shows a 25-percent drop since July. The drop created difficulties for some oil producers like Iran, who have their budgets tied to oil revenues. OPEC oil basket price was about $82.44 on Oct.28, compared to $105.21 in late July. Iran's current budget law was ratified based on the $100 oil price. Seyyed Mehdi Mousavinejad a member of ...
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