Mon, Sep 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Iran’s stabilization fund to minimize oil embargo effects

Posted on 04 July 2012

Iran has set up a 14 billion dollar stabilization fund to minimize the EU oil embargo effects. The fund will be specifically used to update oil production facilities.
Iran’s Oil Minister, Rostam Qassemi, has said that the embargo will in no way affect the national economy and will only prove detrimental to western countries. According to him, Iran will sell oil to other consumers………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14784 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930