Iran needs the highest oil price among OPEC members to balance its 2013
budget, the Arab Petroleum Investments Corp., known as Apicorp, said today. Iran
requires an average crude price of $144 a barrel this year to break even.
(Bloomberg, 27 July)
Iran is now at last place among the six Persian Gulf oil exporters. The oil sanctions has pushed Iranian exports to below 1.5 million barrels a day, hence the need to get more per barrel to balance its budget.
Iran is now at last place among the six Persian Gulf oil exporters. The oil sanctions has pushed Iranian exports to below 1.5 million barrels a day, hence the need to get more per barrel to balance its budget.
Saudi Arabia needs $98 to balance its budget. Not surprisingly, Saudi
Oil Minister Ali al-Naimi said on May 31 in Vienna that Brent at about $100 is
a fair price.
17 comments:
as the outlook is for prices of less than $100/ barrel in 2013 and in the coming year......Iran is gonna remain in economic trouble.
Iran's export of oil amounts to 800 thousands barrels a day.This is what happens when people allow monkeys to take over the management of a country.
The only reason for being on this chai khaneh type gossipy blog that does not bear any relevance to facts is to inject some reality. The simple fact as even acknowledged by the CIA world book is that Iranian economy is increasingly diversified and Iran is doing quite well in sustaining oil production as well an adequate oil price. BTW, Iran is more than likely to be elected to the OPEC presidency again with Iraqi and majority support. For the more literate and mature bloggers, I have also provided an oil industry trend link to show how well Iran is tracking on exports, refined petroleum products and price over the last decade.
Iran, holder of the world's fourth- biggest proven crude reserves, is exporting more oil products as western sanctions reduce some exports to the west. Iran has substantially increased the production of refined products and despite the usual wishful thinking of its enemies, Iran today is the largest refiner and producer of POL products, including high quality jet fuel JP4, aviation distillates and kerosene. Part of oil exports have been transformed into oil products, as there is a growing market for oil products, particularly in rapidly rising Asia and destabilized Middle East. Iran, until 3 years ago used to import gasoline and now it is one of the biggest exporters.
http://www.indexmundi.com/iran/oil_exports.html
In fact, 2012 was quietly one of Tehran’s most profitable years ever in terms of oil export revenue. High oil prices meant Iran earned about $60 billion, its fourth-highest annual earnings ever, and only a 17 percent drop from its prior five-year average (which included four of its five previous highest totals). This accounted for half of the government’s 2012 budget.
http://www.weeklystandard.com/blogs/congress-should-mandate-zero-oil-exports-zero-waivers-iran_740955.html
Yeah things would be so much better if the despotic shah was running iran as just another us backed corrupt "arab" puppet state
Anon 10:13
You keep parroting you're pathetic gibberish because it will get you nowhere.
Anon 9:28 PM.....What is known as "reality" to IRI cappuccino drinking lovlies is "in fact" nothing but pure fictitious claptrap.
The "despotic" Shah executed fewer people in his 38 years in power than the Khomeinist terrorist tyranny did in its first year. Of course, the "despot's" greatest mistake was not putting a bullet in Khomeini's head in 1963 and exiling him instead. The "despot" listened to the advice of Hassan Pakravan and Grand Ayatollah Shariatmadari and showed mercy to that animal Khomeini (a huge mistake). Shortly after coming to power, Khomeini executed Pakravan and had Shariatmadari (the senior most Ayatollah among Twelver Shia) publicly humiliated, his family members arrested and tortured, and according to IRI insider Raishahri, Shariatmadari himself was beaten too.
None of which addresses the issue of this post, namely the 2013 budget....Anyway, I have to say, that I do envy someone who has so much free time on his/her hands, that he/she can write rambling paragraph after paragraph after paragraph. Where do you find all this time? Don't you have a job or family? Or is posting IRI Cyber-Propaganda from your home in the West your job?
This is what happens when bullies and thugs in the west fear the rising power of iran in the region and try to destroy it economically,and despite the sick glee of some of the malcontents/exiles over this they will not succeed
Anon 9:28 PM
You have not presented a credible argument against Apicorp claim of $144 being the lower limit of what IRI needs to balance its budget. There are some truth in what you said but quoting a blog by the chair of the Jewish Institute for National Security Affairs, an organization advocating military action against Iran, as a counter-argument does not make sense. Your argument does not address the core point of this post which is to do with the claim that a lower limit of $144 per barrel is needed to balance the budget .
Your derogatory comment in likening this blog to a “chai khaneh type gossipy blog” is unfortunate. This humble blog attracts 200,000 visits per month probably more than what your favourite Friday pray gathering attracts in a year.
You're so abnormal and absurd that you can't see that the very malicious regime you support is the one responsible for economic collapse of the country.But hey what the hell,the regime pays you to troll and peddle their garbage.
So according to you iran slapped sanctions on itself then?
AnonymousJuly 28, 2013 at 9:00 AM
Oh well that obviously makes him less of a despot then doesnt it?
He wasnt just a despot because he executed people,he was a despot because he destroyed irans democracy and replaced it with himself,the fact that he thought he new better than anyone else and would tolerate no criticism also doesnt help him,but hey,you keep rewritng history and dreaming your royalist wet dreams in los angeles or where ever exiled royalists live
Anon 11:57
There never was an "Iranian democracy".Before you parrot the well worn out nonsense on these pages go and read the constitution of Iran before the 1979 counter revolution.People like you seem to be very happy with the nightmare regime that you have created for the Iranian people.I guess you're very happy with a uneducated religious zealot and bigot sitting on his pulpit while floating on a sea of blood and drowning the nations wishes for freedom against the maffia religious dictatorship?
A few days ago Manoto TV broadcast a programe about Reza Shah towards Iran and they received eight million e-mails praising the great man.You can say what ever you like.But end of the day ignorant people like you can't change history to suit your malicious purposes against Iranian nation and their wishes to rid this regime from their lives and Iran for good.
The only one rewriting history here is you,the shah was a military dictator who pretended to be an absolute monarch and the vast majority of the iranian people wanted him gone and I think you`ll find that the vast majority of the people are quite happy with the democracy they now have and only a tiny minority of malcontents like yourself would ever want to return to those days,as for the system of government before the shah took over it was a hell of a lot more democratic than his absolute dictatorship.If you really want to live under an absolute monarch perhaps you should move to saudi arabia
You are absolutely right: the Islamic Republic is a "democracy" where the final word on all matters rests with a Supreme Leader-for-Life who can only be a Shia cleric, who cannot be popularly elected, and who has been the Supreme Leader-for-Life since 1989. If that's not "democracy", what is?
Anon 10:45
Again you didn't answer my question regarding the "Iranian democracy" and the pre 1979 constitution.You people are dime a dozen when it comes to diatribes and personal attacks against posters amd the Iranian royal family.If you think that Iran is under a "democracy" now,then who voted for Khamenie? As far as we are concerned having a self sanctimonious religious zealot on a blood soaked pulpit is a thousand times worse for Iran than a "military dictator who pretended to be a absolute monarch". In case you forgot,the Shah was put on the throne in 1941 at the young age of 22 by the act of parliament.
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