VOL. XLVII
No 12
22-March-2004
IRAN
BUDGETS AND REVENUES
Iranian Government Authorized To Withdraw $5Bn From Oil Fund
Irans Expediency Council (EC), the top arbitration body in the country which mediates in disputes between parliament and the hardline Guardians Council (GC), on 16 March approved the withdrawal by the government of $5bn from the Oil Stabilization Fund(OSF), which was established in 2000 to deposit any surplus oil revenue when oil prices exceed projections. The reformist-dominated...
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