Iran’s revenues from oil exports stood at $51 bln in the year to March 2007, showing a 17-percent increase from the figure for the preceding year.

Iran’s ambassador designate to Bahrain has warned against the presence of non-Persian Gulf armies in the region, saying that they were destabilizing it.

Iran is determined to export gas to the United Arab Emirates and has formed a committee to help overcome a pricing dispute that has delayed the project since 2006, an Iranian official was quoted as saying on yesterday.