"This year in Iran (where the year starts on March 21) 20% of oil income was transferred to the National Development Fund," according to the economics and financial minister of Iran Shamsaddin reports Trend, with reference to the Mehr news agency.
Although the status of the National Development Fund is not approved yet, 20% of oil profits have been remitted to it. This is a considerable result," the minister said.
Iran was almost the only country which had a positive performance in capital formation, he said. Foreign investments increased by 95%. "Last year the index of Tehran's stock market was 58% and this year it hasn't changed," Hosseyni noted. Iran holds 3rd place for oil production in the world. In 2009 Iran produced 3.8 million barrels a day.
