Iran to propose oil prices for next year budget


(MENAFN) The Head of the Plan and Budget Commission of Majlis Gholamreza Tajgardoon commenting on the gradual fall of oil price in international markets and its impact on Iran's next year budget said that our proposal for oil prices in the next year budget is about USD80 per barrel, Iran Daily reported.

The MP expects oil prices fall will continue and return to previous prices is something beyond prediction in the short run.

He added that the sudden decrease of oil prices in international markets forced oil rich countries to take steps in formulation of their next year budget bill with more prudence, adding that OPEC members are decisive to set USD60 to USD80 for each barrel in their budgets.


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