The debt of the refineries to the organization of the focus of subsidies will be settled.
In the amendment of section 79 of the implementing regulations of the Budget Law from 1405, the Ministry of Petroleum was required to settle all the obligations of the refining companies to organize the focus of the subsidies related to the previous years through the relevant subsidiary.
Based on the decision of the Council of Ministers which was announced on 11/18/1405 by the Ministry of Economy and Finance, part of section 79 of the implementing regulations of the Budget Law of 2015 was amended.
According to this amendment, payment of part of the claims of oil refining companies in the process of selling feed to them and buying oil products through the granting of licenses to export liquefied gas and oil by these companies will be made according to guidelines approved by the Economic Council.
Also, the Ministry of Petroleum was obliged to settle all the refining companies' obligations to the Subsidy Targeting Organization related to previous years through the relevant subsidiary.
In another part of this decision, the wording related to subsidy credits was amended and accordingly, the Subsidy Focus Organization is obliged to deposit the credits related to the payment of goods to the relevant account based on the allocations given by the Planning and Budget Organization in the country.