NDFI Meets with Norwegian Ambassador and Halkbank CEO

norwayiranA news release issued by the National Development Fund of Iran (NDFI) on Sunday states that the president of the fund, Dr. Seyyed Safdar Hosseini, met with Norwegian Ambassador to Tehran Jens-Petter Kjemprud to discuss potential collaboration between Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), and the NDFI.

According to the release, Mr. Kjemprud was hopeful that sanctions in the future would be diminished and that Norway’s advanced technologies could assist Iran in oil extraction. They also discussed about future events in the sovereign wealth space. Dr Hosseini wants to play host for the International Forum for Sovereign Wealth Funds 2015 in Iran. The forum is voluntary member-based organization of sovereign funds that meet annually. The 2013 forum was hosted by Norway in Oslo.

In a separate release, Dr. Hosseini also met with Suleyman Aslan, CEO of Halkbank, a Turkey-based bank that has maintained close ties to Iran since the latest sanctions were imposed.

Dr. Hosseini was reported to have requested that Turkish investors augment their investments in Iran, “with the financing support of both parties and Halkbank being in charge of doing the feasibility study of the projects,” the release said.

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