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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Iran’s Oil Development Fund could reach $55bln

Posted on 17 May 2012

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


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