Providing $23 billion from the National Development Fund for 60 oil and gas projects

According to Energy Press, Mehdi Ghazanfari, in a press conference today (Saturday, January 5) on the occasion of the 14th anniversary of the foundation of the fund, stated that the National Development Fund was less present in the fields of oil and gas, artificial intelligence and renewable energy in the past, but now we have a specialized department in this sector, and stated: When we talk about participation, we do not mean entrepreneurship, and the fund does not mean entrepreneurship in a project such as oil and gas or water supply to the central plateau, but rather wants to expand the fund’s share, but does not participate in operations.
Stating that we consider information to be a fundamental pillar of transparency and combating corruption, he added: Now that we have an imbalance in electricity, the fund has reviewed detailed plans to support electricity production with various banks. We also have contracts in the field of oil and gas. The Economic Council has approved an increase of 250 thousand barrels of oil per day, which the fund is participating in financing.
The Chairman of the Executive Board of the National Development Fund, stating that an increase of 250,000 barrels of daily oil production requires $3 billion in capital, stated: The fund is supposed to provide this amount to the National Oil Company, but no money has been paid to the oil company so far. Ghazanfari, stating that if we examine the cash inflow and outflow, oil resources should enter the fund every year, while in the past three years we have not had any new oil inflow to the fund, said: One of the sources of income for the fund is the export of oil, gas and gas condensates, and the remaining 50 percent of the foreign exchange reserve fund is allocated to the development fund every year, and the profits from operations such as facilities and foreign exchange deposits and the fund’s balance of the fund’s resources with the Central Bank are deposited into this fund. Accordingly, from 2010 to the end of the first nine months of this year, $163 billion and 667 million of the fund’s resources have come from the export of oil, gas and gas condensates.