Iranian President Mahmoud Ahmadinejad has approved allocation of some two billion dollars out of the Foreign Exchange Fund to the oil and gas development plans, Central Iranian Oil Fields Company (CIOFC) managing director said here on Monday.
The Mehr News Agency quoted Alireza Zeiqami as saying that, "some portion of this amount will be allotted to the CIOFC projects."
"Southern Gesho oil field's development plan and NGL 3100 project are the first priorities of CIOFC," he added.