Middle East Economic Survey
Irans Majlis Approves Allocation Of Further $1.3Bn For Gasoline Imports
Faced with soaring gasoline consumption, Irans Majlis (parliament) voted on 21 September to allocate an additional $1.3bn of foreign currency reserves for the import of gasoline from now until the end of the current Iranian year on 20 March 2005. This allocation will come from the Oil Stabilization Fund (OSF). The move was initiated as an emergency bill taking...