Oil under 60 dollars bad for Iran's Oil Stabilisation Fund
Posted by Editor on November 04, 2008 at 09:11 AM
Zawya quotes Ramin Pashaifam, deputy for economic affairs at Iran’s central bank, as saying that, “In a case of 60 dollars per barrel for oil, no cash will remain in the Oil Stabilisation Fund.”
The raiding of Iran's Oil Stabilisation Fund
Posted by Editor on August 26, 2008 at 02:32 AM
The Financial Times writes that, “The Oil Stabilisation Fund was established in 2000 to collect windfall earnings. But the OSF's assets are a mystery.”
Ahmadinejad seeks redistribution of oil money
Posted by Editor on January 07, 2008 at 07:03 AM
Thomson Financial reports that, “Surplus oil revenues are supposed to be saved in an Oil Stabilisation Fund for use in times of difficulty but Ahmadinejad has been heavily criticised by economists for frequently dipping into the fund for extra cash.”
The Islamic Republic News Agency quotes the Iranian president as saying that, “There are cases in the 1386 budget law which give the government a free hand to divert funds from the Oil Stabilization Fund (OSF) as much as it wishes. The government, however, has not done so… because we know that the goal of the legislative body and the government is limited use of the forex resources.”
Iran to grant loan from Oil Stabilization Fund for power plant construction
Posted by Editor on January 04, 2008 at 09:42 AM
The Mehr News Agency reports that, “Iran's Energy Minister Parviz Fattah here on Friday announced that the government will give a loan from [the] Oil Stabilization Fund (OSF) for power plant construction.”
Iranian oil fund assets to be used for buying passenger aircraft
Posted by Editor on December 24, 2007 at 12:23 PM
AME Info reports that, “Iran’s Road and Transportation Minister Mohammed Rahmati recently said that unlimited funds would be made available for buying new planes from the Oil Stabilisation Fund.”
Iran has $8bn in oil fund
Posted by Editor on December 22, 2007 at 07:55 PM
Trade Arabia reports that, “Iran has $8 billion in its Oil Stabilisation Fund (OSF), which forms part of the country’s foreign reserves, the central bank’s web site quoted Governor Tahmasb Mazaheri as saying.”
Prominent Tehran MP tries to keep populist hands out of Iranian stabilization fund cookie jar
Posted by Editor on December 21, 2007 at 10:06 AM
AFP quotes the prominent Tehran MP and deputy parliament speaker Mohammad Reza Bahona as saying (in a warning to Ahmadinejad about his handling of the economy) that, “Instead of the stabilisation fund, we intend to put the country’s revenues in a special state bank account under the custodianship of government.”
Iran set to withdraw $2bn from Oil Stabilization Fund for water sector
Posted by Editor on December 15, 2007 at 04:47 PM
The Tehran Times reports that, “Lawmakers today [Dec 16] bring a bill before Majlis (Iran's parliament) on withdrawal of two billion dollars from Oil Stabilization Fund (OSF) for funding the water projects.”
Iran's Oil Stabilization Fund deposits at $7bn
Posted by Editor on December 13, 2007 at 07:21 AM
Iran’s Islamic Republic News Agency reports that, “Governor of the Central Bank of Iran (CBI) Tahmasb Mazaheri announced late Tuesday that Oil Stabilization Fund (OSF) currently has close to seven billion dollars.”
Iran's Oil Stabilization Fund running dry?
Posted by Editor on November 15, 2007 at 09:32 PM
Resource Investor writes that, “Analysts have reported that Iran has nearly emptied [its Oil Stabilization Fund].”