Iran’s heavy crude oil price tops $80 in a week

October 13, 2018

TEHRAN- Iran’s heavy crude oil price jumped $2.09 in the week ended on October 5 to cross $80 per barrel.

Iranian heavy oil prices surged to $80.86 in the mentioned week, Shana reported on Saturday.

The prices experienced a $27.59 increase in comparison to the figures for last year’s same period of time.

The rise in oil prices has led to an increase in Iranian oil revenues. According to the head of Budget and Planning Organization, Iran’s oil incomes for the first half of the current Iranian calendar year (March 21-September 22) exceeded the estimations in the country’s budget plan by 16 percent.

The country’s H1 oil revenues increased 61 percent compared to the figure for the last year’s same period.

EF/MA

Leave a Comment

6 + 7 =