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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Tehran unveils oil fund revamp

Posted on 26 January 2010

From Upstreamonline.com: Iran’s government wants to set up a new National Development Fund (NDF), to which at least a fifth of the country’s oil and gas revenue would be transferred, according to reports.
The proposed fund would help turn Iran’s “natural wealth into sustainable and productive assets”, IRNA said in a report published late on Sunday, after President Mahmoud Ahmadinejad submitted the budget bill to parliament………………….Full Article: Source


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