VOL. XLIV

No. 08

19-February-2001

IRAN

Irans Expediency Council Rescues Buybacks As Contracts Spending Rolls Over Into New Budget Year

Following a debate in the Iranian parliament, the Majlis, on the value to the country of buyback contracts involving international oil and gas companies, Irans Expediency Council has rescued the program from a freeze advocated by the Council of Guardians. The Expediency Council, Irans highest legislative court of appeal, overruled a decision by the conservative...