15 February 2026 - 09:51
  • News ID: 1653213
Parliament sets NDF's oil export share at 20%

SHANA (Tehran) – Iran's parliament has set the National Development Fund's share of oil export revenue at 20% in next Iranian year's budget, which begins in March 2026.

Lawmakers approved Clauses 1 and 2 of Line 5 of the budget bill's resources section during Saturday's open session. The clauses specify that oil delivered to the armed forces, along with exports of petroleum products and special projects counted as government debt to the fund, will be subject to the 20% allocation in accordance with higher-level approvals and authorizations.

Parliament also approved Clause 3 of Line 5 during the session.

The clause stipulates that the National Iranian Oil Co.'s provisional share from crude oil and gas condensate exports — excluding barter transactions and special projects — is set at 15% for the first six months of the year.

For the second half of the year, the provisional share of oil allocated to the Oil Ministry from export revenues — to implement contracts under Article 15, Clause (a) of the Seventh Five-Year Development Plan — is also set at 15%. This covers administrative, employment, financial and commercial matters, pending approval by the Supreme Economic Council for disbursement to relevant subsidiaries.

News ID 1653213

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