| 17.05.2012 - Iran’s Oil Development Fund could reach $55bln |
| Iran’s President Mahmoud Ahmadinejad said on Saturday the country’s sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Iran earned up to $100 billion in oil revenue last year but an EU embargo set to come into force in July could put a major dent in future income...............................................Full Article: Source |