Middle East Economic Survey


No 36



OSF Balance Currently At $14Bn

As oil prices continue to soar to new highs, Iranian officials are revising their projection for the balance in the Oil Stabilization Fund (OSF), which was set up in 2000 to collect any oil revenue in excess of the budget forecast. According to the Head of the Central Bank of Iran (CBI) Research Center Ahmad Mojtahid, the OSF balance in August stood at $14bn and is expected to rise to $20bn by March...