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China Gas Information
Industry experts said, the global crude oil prices will lead to a decline in Iran'sbudget deficit.
Because of American shale production oversupply and a lack of market demand,the oil since the benchmark Brent crude oil prices since June this year to about $115 a barrel peak has fallen by more than 20%. Brent crude oil in the transaction in November 3rd further dropped from $86 a barrel.
Headquartered in Tehran, Iran oil and gas network company business development manager Alireza Gharbi said, Iran this year's budget is based on oil prices of $100 a barrel to make. Therefore, a sharp drop in oil prices will lead toIran's budget deficit.
And Jalby answering questions about how Iran will respond to oil price collapsequestion said, because of the situation and parameters of complex, Iran oil officialsso far have not selected any specific coping strategies.
According to the US energy information administration, Iran has the world's fourth largest proven crude oil reserves and the world's second largest natural gas reserves. Although Iran has rich oil and gas reserves, however, Iran's oilproduction has fallen sharply in the past few years, while natural gas production growth has also slowed.