In the budget bill of next fiscal (Iranian) year (starting March 2016), the figures based on which the resources earned through oil export are calculated as follows: The price of each barrel of crude oil and gas condensates at $40, the exchange rate of Rials 29, 987 per dollar, the exports volume of crude oil and gas condensates at 1.74 Mln bpd and 500,000 bpd respectively. The sales volume of gas condensates to petrochemical complexes is also considered to be similar to that of previous years (120,000 bpd).
In the budget law of current (Iranian) year, each barrel of crude oil and gas condensates has been based on $ 54, with an exchange rate of Rials 28,500 per dollar and the exports of crude oil and gas condensates at 1 Mln bpd and 300,000 bpd respectively. The sales of gas condensates to petrochemical complexes are at 120,000 bpd.
It is foreseen that, by the end of current year (20th March 2016), the average price of each barrel of crude oil and gas condensates exports would be at about $43, with an exchange rate of equal to Rials 28, 600, the exports of crude oil at about 1.1 Mln bpd and the exports of gas condensates close to 250,000 bpd. This means that the resources estimated to be earned from the sales of oil resources stated in the budget law this year, will be actualized.