Middle East Economic Survey

VOL. LIII

No 7

15-Feb-2010

IRAN

Iran To Establish National Energy Fund

Iranian Minister of Petroleum Masoud Mirkazemi told reporters on 8 February that the government plans to establish a special National Energy Fund, created through cooperation with four state banks as well as the Central Bank of Iran. Mr Mirkazemi said that Iran could only attract the investment needed in its energy projects via buyback contracts or bank loans, since the Iranian constitution forbids...