Middle East Economic Survey

VOL. LI

No 8

25-February-2008

IRAN

Majlis Approves IR30 Trillion Oil Products Imports Budget

Irans Majlis has authorised the Ministry of Petroleum to import gasoline and diesel worth a total IR30 trillion ($3.2bn) in the year beginning 21 March 2008, IRNA reported on 16 February. The vote was part of the parliaments review of a budget proposed by President Mahmoud Ahmadinejad that called for a 19% increase in overall spending (MEES, 14 January). The allocation falls well...