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Oil Revenues Archives - Iran News Daily
All Oil Revenues Allocated to Essential Goods and Medicine 29 Oct 2025

All Oil Revenues Allocated to Essential Goods and Medicine

TEHRAN - Vice President and Head of the Plan and Budget Organization, Seyed Hamid Pourmohammadi, announced that all of the government’s oil revenues are being used to import essential goods and medicine, as part of an effort to safeguard household welfare amid declining oil prices. He also confirmed that a new version of the electronic voucher (Kalabarg) program will be launched experimentally in November to improve the government’s system of direct economic support.

Security com. chair warns of INSTEX plans to put all revenues in one place 03 Jul 2019

Security com. chair warns of INSTEX plans to put all revenues in one place

Chairman of Parliament’s national security commission said Iran will not agree to EU’s trade mechanism if it is aimed at putting all of Iran’s oil revenues into one place which could be taken advantage of by US.

Road from oil-reliant economy to oil free one 12 Jun 2019

Road from oil-reliant economy to oil free one

 The US-led sanctions, imposed to squeeze Iran’s oil-reliant economy by restricting oil revenues, has made the need for moving toward a non-oil economy for Iran ever-increasing.Iran's Oil Export

Oil forex revenues to be used for necessity goods import 06 Jan 2019

Oil forex revenues to be used for necessity goods import

Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods. Abdolnaser Hemmati, Governor of the Central Bank of Iran, said in a meeting with the board of governors and members of Iran Chamber of Commerce on Saturday […]