Iran's Oil infrastructure loses $8 bln in budget redirection
Azerbaijan, Baku, Dec. 13/ Trend M. Moezzi/
The Iranian government's failure to comply with its 2009/2010 budget has cost the country's oil infrastructure $8 billion (80 trillion rials) in allocated funds, Fars News reported a member of Iran's parliament as saying.
A report by the Iranian parliament's Planning and Budget Commission has found that most of the government's deviations from Iran's 2009/2010 budget were in the construction sector, said Jabar Koochaki Nejad .
According to the National Development Plan (2005-2025), Iran should have attracted $500 billion in investments to the oil sector and for this year this figure will be only $48 billion. Iran's producing 3.6 MLPD