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Opec decision to cut production helps boost Iran's budget

Published Sun, Dec 4, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Tehran

IRAN'S President Hassan Rouhani presented his budget on Sunday, with Opec's decision to cut production helping to boost its expected oil revenues.

Mr Rouhani's 2017-2018 budget is based on oil prices of US$50 per barrel, up from US$40 last year, with a focus on unemployment, water resources, railways and the environment.

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