The National Iranian Oil Company must deposit the oil revenues to the central bank account

According to the report of Energy Press from the Ministry of Oil, the Supreme Supervisory Board of the Expediency Recognition Council continued to deal with the cases of discrepancies in the 1403 budget in its extraordinary session today, which was chaired by Mohammad Baqer Zulqader, the Secretary of the Supreme Supervisory Board, by finding a part of paragraph A of the Note to be inconsistent. 4 of the budget law of 1403 approved the deposit of revenues from the export of crude oil, gas condensates and net natural gas exports to the foreign currency account of the country’s treasury: since according to the law of the central bank, this bank is responsible for maintaining and managing the country’s foreign exchange reserves, such as It has currency and gold, it is contrary to the general policies of the legislative system, except 8 paragraph 9.

Also, the members of the Supreme Supervisory Board considered the 14.5 percent share of the related companies of the Ministry of Oil from the place of sale of oil and gas due to the lack of calculation basis and lack of transparency, contrary to the general policies of the legislative system.