27 Dec 2024
Tuesday 24 February 2015 - 17:59
Story Code : 152769

Majlis OKs NIDF finance of joint fields

[caption id="attachment_109171" align="alignright" width="191"]A view of Iran's Majlis A view of Iran's Majlis[/caption]

TEHRAN Feb 24(Shana)--Iranian lawmakers have voted in favor of a piece of legislation for tapping the National Development Fund of Iran (NDFI) for the development of oil and gas fields Iran shares with neighboring countries.

The legislators gave green light for the allocation of $4.8 billion from NDFI to develop joint hydrocarbon fields.

Petroleum Minister Bijan Namdar Zangeneh recently warned that financial shortages for oil and gas projects would destroy the NDFI.

By SHANA

 
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