Head of Tehran World Trade Center: Ahmadinejad spends roughly all of oil incomes to imports

Azerbaijan, Baku, July.21/ Trend R.Zamanov/

Iran's oil revenues during the 8-year period of Ahmadinejad's presidency was around 600 billion dollars, head of Tehran World Trade Center, Mohammad-Reza Sabzalipour told Trend in an interview.

"The amount equals to half of the country's total oil revenues in the past century," Sabzalipour said.

"Ahmadinejad's oil income was way more than Iran's other governments after the Islamic revolution (1979)," he stated, adding that the previous governments of Islamic republic totally earned 445 billion dollars from oil exports.

"Iran's oil revenues from the first days of discovery and production - about a century ago - until the calendar year of 1352 (1973) was just 27 billion dollars. During the years of 1352 to 1357 (1973-1978) Tehran earned another 85 billion dollars," Sabzalipour said.
Iran gained $35 bln oil revenues from 1979 to 1981 and $110 bln from 1981 to 1989. During Akbar Hashemi Rafsanani presidency (1988 to 1997) Iran's oil incomes were $141 bln, while during Mohammad Khatami presidency (1997 to 2005) the figure was about $157 bln.

"Official statistics show that Ahmadinejad's administration has spent over 540 billion dollars to imports during the past 8 years for importing goods and services," Sabzalipour stated.

"Iran's capital goods imports used to account for 22 per cent of the country's total exports before Ahmadinejad's first term of presidency, but the figure was decreased to 14 per cent during the past 8 years. So many exports have repeatedly criticized the government for facilitating the import of intermediate goods," Sabzalipur concluded.

According to the International Monetary Fund, Iran's economy has contracted by 1.9 per cent in 2012. It is predicted that the figure will hit 1.3 per cent this year.

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