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Oil revenue fall has silver lining:

became of the tighter EU and US sanctions.  You’d think that would be something to cry over.  But not Iranian Trade Minister Mehdi Qazanfari (photo).  He boasted last week that the Ahmadi-nejad Administration has managed to achieve the long-sought goal of reducing the government’s dependence on oil revenues.  Whereas the Iranian government has long gotten more than half of its income from oil sales, Qazanfari bragged that in the first four months of the current Persian year, only 30 percent of state revenues came from oil sales.  “This means less reliance on the financial resources gained through crude sales,” he proclaimed joyfully.

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