News

Massive discrepancies between Iran's oil revenues and official statistics over the last four years are being covered in the national press.

Wednesday, Tehran's reformist daily E'temad carried a report headlined, "Find the $25 billion."

Despite the fact that Iran possesses nearly a 10th of the world's oil reserves, government inefficiency means that fuel is rationed, and the global downturn in oil prices has severely impacted the government's fiscal policies. While Iran has one of the Middle East's major oil-producing countries most robust economies, critics argue it has squandered much of its oil income through ill-advised public-sector spending and subsidies, corruption and inefficiency.