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Saturday 14 September 2013
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NDFI resources exceeded $ 54 Billion

NDFI resources exceeded $ 54 Billion

The chair of Board of Executive Directors of National Development Fund of Iran, talking on the resources of the Fund said: Based on the Articles of Association of the Fund, this year (starting 21 March, 2013) twenty six percent of total revenues originating from oil and gas exports are transferred to NDFI, bringing the total assets to 54 billion. A portion of oil and gas exports should be t...

The chair of Board of Executive Directors of National Development Fund of Iran, talking on the resources of the Fund said: Based on the Articles of Association of the Fund, this year (starting 21 March, 2013) twenty six percent of total revenues originating from oil and gas exports are transferred to NDFI, bringing the total assets to 54 billion.

A portion of oil and gas exports should be transferred to NDFI. This current year it is 26% and will increase by 3% in the two coming years amounting to 29% and 32% respectively.

As of July 22, 2013, the resources reached 54 billion dollars and are constantly increasing.


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