VOL. XXXVI

NO. 20

15-FEBRUARY-1993

IRAN

Iran Loses $11bn Annually Due to Oil Subsidies, Says Budget Official

Iran's Deputy Managing Director of the Plan and Budget Organization, Mr.Mohammed Jaafar Eslami, has said that Iran is losing $11bn per year due to theoil subsidies it pays. In an interview with the newspaper Hamshahri on 26January, Mr. Eslami said that the real value of oil consumed domestically duringthe last year was around $12.5bn, while consumers paid only $1.42bn. Oilconsumption in...