Iran Oil & Gas Views

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Divide Widens Across The Pond

BMI View: As expected, weak demand continued to rein in price spikes in November. The Israeli bombardment of the Gaza Strip and a temporarily solution to the Greek debt crisis saw Brent rise to US$...

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Budget Heading Deeper Into Deficit

Iran's parliament approved a US$492bn budget for FY2012/13 in May, approximately 9% lower than the budget for FY2011/12. As revenues will be constrained while current expenditure remains elevated, we...

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