VOL. XLVII

No 18

03-May-2004

BUDGETS AND REVENUES

Iran Accumulates $22Bn In Surplus Oil Revenue In 2000-04

Over $22bn have been deposited in Irans Oil Stabilization Fund (OSF) between its inception in 2000 and the end of last Iranian year 1382 (on 19 March 2004), according to a report published in the weekly bulletin of the Management and Planning Organization (MPO). The fund was set up to collect surplus oil revenue when realized oil prices exceed the projected budget price. The report added...