Iran examines missing oil revenue
United Press International
17-Feb-2009 (2 comments)

Members of the Iranian Parliament raised objections to a $1 billion shortfall from the government in terms of oil revenue, officials said. Iran has operated a budget surplus since 2006 as oil prices soared over $100 per barrel. Iranian law stipulates that any surplus income from oil sales must be transferred to either the Treasury Department or to foreign reserves.A review of oil revenues from the 2006-07 budget by the National Audit Office for the Iranian Parliament found a surplus of nearly $1.1 billion was not handed over to Treasury, Iran's Press TV reported.Iranian President Mahmoud Ahmadinejad said in January, however, his government had not failed to meet its obligations regarding oil income.

News Goffer

where's the money, mahmoud?

by News Goffer on

$1,100,000,000.00...that's how that number is written, Mahmoud, with many zeros, and many more if you were to convert it into Rials! Where is the money? I wonder why such a question is even raised. To be sure, it is not to safeguard the Parliament's system of checks and balances, for the Parliament has turned a blind eye to any such violations in the past. It is probably an elections year move. But in whose favor? Mahmoud is already the "favorite candidate" of the Supreme Leader, and Khatami received the kiss of death from IRGC (Sepaah) this week in the form of a threat. It might be for Ghalibaf, then, someone who has supporters both among the Sepaah and Larijani's circle of friends in the Parliament. Such a fiasco, should it result in Ghalibaf's election, is only a step closer to a military rule over Iran. Sepaah has been after securing every conceivable position within the Iranian government for years.


Kaveh Nouraee

Places to look

by Kaveh Nouraee on

1) Hamas

2) Hezbollah

3) Rafsanjani's garage

4) Khamenei's attic

5) Most major Swiss banks