Oil Revenues Inflict Dutch Disease on Iranian Economy

As long as oil revenues are squandered on current expenditures and officials have no plans to invest them in scientific and petrochemical sectors, the abundance of oil and gas resource becomes a curse instead of a blessing, and gives rise to “Dutch disease”, a member of Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
"We must understand that oil and gas are not a means of generating income. These resources are national wealth and belong to future generations," ILNA also quoted Ali Shams Ardakani as saying.
There should be no worries about sanctions and absence of oil money provided that the income is spent on developing infrastructures, he added.