Middle East Economic Survey

VOL. L

No 44

29-October-2007

IRAN

Green Light For South Pars Investment Fund From President Ahmadinejad

President Mahmoud Ahmadinejad has approved the establishment of a new investment fund abroad to finance the South Pars gas projects, the deputy head of the Pars Oil and Gas Company (POGC) Abulhasan Khamushi confirmed on 22 October, adding that each phase of the projects would be funded separately. POGCs head Akbar Torkan first unveiled plans for such a fund in the...