Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

IRAN

Majlis Allocates $2.93Bn For Gasoline Imports

Irans Majlis (parliament) voted on 15 November to allocate $2.93bn from the countrys Oil Stabilization Fund (OSF) to fund gasoline imports for the remaining period of the current Iranian year (21 March 2005-20 March 2006). The Ministry of Petroleum requested $2.2bn of additional funding after the $1.5bn originally set aside for gasoline purchases ran out after four months (MEES, 18...