Assets of Iran’s National Development Fund may reach $70 billion
Azerbaijan, Baku, Apr.15/ Trend, G. Mehdi/
Assets of Iran's National Development Fund may reach $70 billion during the current Iranian calendar year, which began on March 21, the ISNA quoted NDF board member Mahmoud Dodangeh as saying.
If projected oil revenues are gained, the fund's assets will hit $70 billion by the end of the year, he noted.
The NDF's assets amounted to $48.5 billion in the past Iranian calendar year, he said, adding that the figure had been predicted to reach $50 billion.
In December 2012, the Mehr News Agency quoted NDF official Ehsan Sharifi as saying that $7.7 billion of the assets has been allocated to 25 oil, gas and petrochemical projects.
The NDF has earmarked $17 billion for implementing different projects in agriculture, industry, and energy sectors, he added.
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.