Azerbaijan, Baku, Oct.26 / Trend F.Milad/
The Iranian minister of industry, mine and trade has said that the National Development Fund would be used to finance the South Pars gas field development projects.
Talking to the Mehr news agency, he called for introducing investment opportunities in oil and gas industries.
Mehdi Ghazanfari went on to say that the development of phases 14, 17 and 18 of the South Pars field are well underway.
The National Development Fund's reserves stand at $24.4 billion and at least 20 percent of this sum will be allocated to promoting foreign investment, according to Iran's Finance and Economic Affairs Minister Shamseddin Hosseini.
The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.