Iran’s Desperate Attempt To Settle Its Debts

Iran’s government plans to pay its debts to private firms with proceeds it aims to raise by selling stakes in state-held refining and petrochemical companies, Iranian economic daily Financial Tribune reports, citing a member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM).    Iran’s government is currently reviewing a proposal by TCCIM’s energy commission to sell shares in refineries and petrochemical firms in order to settle the huge debts it has accrued with private companies and contractors,…