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Iran's oil revenues to hit $35Billion! - How much for jihad?
Iran's oil revenues will reach over 35 billion dollars by the end of the current Iranian calendar year of 1383 (March 20, 2005) due to the upward trend of oil prices during the past 18 months.How much oil revenue did Iraq lose resulting from Iranian instigated terrorism and oil sabotage? Based on figures suggested by the Central Bank of Iran (CBI) and some oil experts, the oil price has been doubled compared to the previous year. and so has the terrorism inside Iraq "The maximum oil revenues were estimated at 16.5 billion dollars in the country's yearly budget plan but the figures have been increased two times," he said. He added that a maximum of 2-3 billion dollars of oil revenues has been planned to be used in modernizing machineries of producing and industrial companies, particularly in auto sectors. Government will compensate the country's 40,000 billion rial (4.6 billion dollars) budget deficit from the oil revenues this year. "It is not reasonable to expect oil price hike improve the living standard soon because the government cannot inject the revenues immediately fearing that it will increase the inflation rate," he stated. That's an excuse for the books. "If the oil revenue is spent for import of goods, it will damage the improvement of production units." If we reduce or embargo Iran's ability to export oil, the levels of Iranian exported terrorism will decline rapidly. Posted by: Mark Espinola 2004-11-15 |
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