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Iran fund allocates $14 bln to oil projects, Shana says

Posted on 04 July 2012

Iran will withdraw $5 billion next week from the National Development Fund to push through several oil projects, Iranian Oil Minister Rostam Qasemi said. The fund will allocate $14 billion to energy projects, Qasemi said, according to the oil ministry’s news agency, Shana.
Iran has sufficient financial resources despite sanctions in place, Qasemi said in the report published today………………………………………..Full Article: Source

 
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