Iran to Spend $4.8 Billion in Sovereign Fund Money for Oil Development

Posted on 02/24/2015

The Iranian government plans to withdraw up to US$ 4.8 billion from its National Development Fund (NDF) to spend on developing its oil and gas fields for the next fiscal year. The new fiscal year for the country’s budget begins on March 21. The Islamic Consultative Assembly of Iran, the country’s parliament, approved the sovereign […]

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