DUBAI: Iran's draft budget for the next Iranian year assumes the country will export around 1.1 million barrels per day of crude oil, oil ministry news website Shana said on Tuesday, indicating a rise of around 10 percent from current levels.
Shana quoted government spokesman Mohammad-Baqer Nobakht as saying the budget bill for the next year, which begins in late March, would be based on an average oil sales price of $100 per barrel.
U.S. and EU sanctions have slashed Iran's oil exports from around 2.5 million bpd to about 1 million bpd.
Iran's draft budget, which goes before parliament on Wednesday, shows the government is not expecting a significant rebound in exports next year, despite last month's breakthrough nuclear deal with the West. (Reuters)