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OIPF to Invest $3b in Oil Projects

OIPF to Invest $3b in Oil Projects
(Sunday, January 30, 2022) 17:57

TEHRAN (NIPNA) -- The chairman of the board of directors of the Oil Industry Pension Funds (OIPF) said the body was planning to invest up to $3 billion in oil, gas and petrochemical projects.

Announcing the formation of the High Council of Projects in the group of funds, Abdul Hussein Bayat said: “$3 billion will be invested over three years for about 20 projects, which are mainly in the field of oil and energy.”

He told Shana that accelerating completion of economic projects is inevitable to fulfill the funds' commitment to stakeholders in the coming years, so the fund group will invest about $3 billion over the next three years.

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