Iran’s National Development Fund currently at $30 B, for development investment
Board chairman says priority projects include oil and gas field development in the south
TEHRAN, Iran (MNTV) — Iran’s National Development Fund (NDFI) has earmarked $30 billion for investment in domestic energy projects, according to its board chairman, Mehdi Ghazanfari.
Speaking at a press conference alongside other board members, Ghazanfari said the fund will channel its accessible resources into petroleum and electricity ventures, following the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei’s decree in late June authorizing such allocations.
He confirmed that the NDFI is reviewing Oil Ministry proposals worth $13–14 billion aimed at boosting production across several southern oil and gas fields. Financing, he added, will begin once profitability guarantees are secured.
The NDFI operates independently from the government budget, transforming roughly one-third of Iran’s petroleum export revenues into long-term investments for future generations. Emergency use of the fund’s resources requires the Leader’s direct approval.
Ghazanfari noted that expanding the fund’s role in energy development is critical, given Iran’s limited access to foreign investment due to US sanctions.
Last month, the NDFI pledged to support a rapid action plan to raise oil production by 250,000 barrels per day.
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