Azerbaijan, Baku, Sep.2/ Trend R.Zamanov
National Development Fund plans to invest 10 percent of its total assets in international markets, deputy head of National Development Fund, Mohammad Mazra'ati said on Monday.
Assets of the National Development Fund of Iran stands at over $52 billion, the Mehr News agency quoted Mazra'ati as saying.
"Iran's National Development Fund currently ranks 21 in the world," he added.
The fund holds foreign currency gained through exporting crude oil, natural gas, gas condensates, and oil products.
In April, ISNA quoted NDF board member Mahmoud Dodangeh as saying that assets of the NDF may reach $70 billion in the current Iranian calendar year.
If projected oil revenues are gained, the fund's assets will hit $70 billion by the end of the year, Dodangeh said at the time.
The NDF's assets amounted to $48.5 billion in the past Iranian calendar year, he said, adding that the figure had been predicted to reach $50 billion.
In December 2012, the Mehr News Agency quoted NDF official Ehsan Sharifi as saying that $7.7 billion of the assets has been allocated to 25 oil, gas and petrochemical projects.
The NDF has earmarked $17 billion for implementing different projects in agriculture, industry, and energy sectors, he added.
Iran transfers 20 percent of its oil revenues to the NDF.
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