Iranian Oil Company accounts frozen
Fars News Agency reported that a state-owned bank has frozen the accounts of the National Iranian Oil Company due to outstanding debts, despite a law that suspends some repayments until March 2027. The head of the National Development Fund indicated that the company will not be able to pay off debts approaching $17 billion using revenues from the Azadegan oil field, whose development is lagging due to bureaucratic delays and administrative obstacles. This financial pressure highlights the significant challenges facing Iran's most vital source of income.
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