VOL. XLV

No 25

24-June-2002

IRAN

Iran Earned $19Bn InOil Revenue Last Year

Iranearned $19bn in oil revenue in the Iranian year ending 20 March 2002and is projected in the budget to earn a maximum of $16bn this year, theIranian Minister of Economic Affairs and Finance, TahmasbMazaheri, has said. In an interview with the daily al-Hayat of 17June, Mr Mazaheri said thatthe Oil Stabilization Fund (OSF), which was set up in May 2000, had a balanceof $9.5bn in March 2002.The OSF ismainly intended to...