Azerbaijan, Baku, Feb.11 / Trend, F. Mehdi/
Iran's National Development Fund's (NDF) assets will reach $50 billion during the next calendar year, which begins on March 21, the ISNA quoted NDF managing director Mohammad-Reza Farzin as saying.
Currently, the NDF holds over $45 billion, according to Mohammad-Reza Nazari, member of the fund's board of directors.
On December 24, the Mehr News Agency quoted NDF official Ehsan Sharifi as saying that $7.7 billion of the assets have been allocated to 25 oil, gas and petrochemical projects.
On December 8, the Mehr News Agency quoted Mahmoud Dodangeh, a board member of the NDF, as saying that the NDF has earmarked $17 billion for implementing different projects in agriculture, industry, and the energy sectors.
Iran transfers 20 percent of its oil revenues to the NDF.
Iranian President Mahmoud Ahmadinejad has said that the NDF's assets would hit $55 billion by the end of the current year.