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

Iran sets up energy fund

Posted on 09 February 2010

From Thepeninsulaqatar.com: Iran has established an energy fund backed by the Central Bank and other Iranian banks to help finance investments in the sector, Oil Minister Massoud Mirkazemi said yesterday.

“The National Energy Fund, with the help of the resources of four local banks and the Central Bank, has been established to help finance major parts of the oil industry’s activities,” the official IRNA news agency quoted Mirkazemi as saying…………………………………Full Article: Source

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