December 06-2013
The Islamic Republic may hope for oil sales to rise, but it isn’t planning for any increase in oil sales for the next year,
Budget officials told reporters Tuesday that the new budget for the Persian year beginning at Now Ruz on March 21 assumes oil exports will average 1.1 million barrels a day over all of next year.
That is only marginally higher than current oil exports of 1.02 million and far below the 2.5 million average over the two decades before the punishing sanctions took effect in 2012.
The United States has said the six-month agreement signed last month will not allow any increase in oil sales during the duration of the agreement, which can be renewed if Iran and the Big Six cannot reach agreement within six months.