Final UN report describes oil dependence in Iran’s wartime economy

The damage data did not value destroyed or damaged housing and commercial buildings because of the number and varied conditions of the units. The report instead supplied replacement-building cost...

The government’s detailed damage tables omitted ports, shipping and civilian-aircraft losses. Additional municipal and private-manufacturing data arrived after the government assessment was issued,...

Iran defined indirect damage to include productive and service capacity that would have been used without the war, plus resources diverted to defense instead of creating economic capacity. The...

The report described war and war expenditure disrupting economic activity and normal capital replacement. It also noted that damage to key sectors spread through links with other industries, extending...

The mission considered indirect damage open to competing interpretations that could not be reconciled during its brief visit. It therefore focused on direct damage and reconstruction costs, merely...

Falling world oil consumption and additional non-OPEC supply pressured prices after 1979, the report stated. Prices declined through the early 1980s, while OPEC members were asked to curtail output...

Iran’s crude exports were below one million barrels per day in 1980 and 1981. The report recorded exports above two million in 1982 and 1983 as NIOC repaired facilities and new markets developed;...

After GDP declines in 1980 and 1981, recovering exports and relatively favorable oil prices supported growth through 1984. The report put 1984 GDP about 40 percent above its 1980 level, despite the...

Through 1984, reconstruction was financed from capital-budget allocations, spare-part stocks and enterprises’ own resources, the report stated. Higher oil revenues supported expenditure, though real...

Damage to oil ports and tankers discouraged Gulf shipping while oil prices fell. The report recorded oil-and-gas export earnings dropping from over $21 billion in 1983 to about $6 billion in 1986,...