VOL. XXXVII

NO. 20

14-FEBRUARY-1994

Iran

Parliament's Rejection Of Domestic Oil Price Hikes Will Hit ProjectSpending

The recent refusal of Iran's Majlis (parliament) to grant a request from thegovernment - strongly backed by the Oil Ministry - to raise the price Iranianspay for oil products, water, electricity, telephone and postal charges in theupcoming 1373 new year (the year to March 20, 1995), is likely to come as a blowto some Oil Ministry projects, for which IR700 bn (around $400mn at the...