Iran’s NIOC gets priority project funds

摘要

Iran’s National Development Fund (NDF)will allocate$2.5bn to state-owned NIOC’s priority projects in the current Iranian calendar year,which ends in March 2015.The money will help finance development of the South Pars gas field,West Karoun oil fields and gas gathering facilities.The gov-ernment receives 54.5pc of the reve-nues from oil exports,while 31pc is deposited with the NDF and NIOC gets 14.5pc.