TEHRAN – National Iranian Oil Company’s director for supervision of construction projects said the oil ministry has allocated 25 trillion rials (about $595.2 million) for development of oil-rich regions.

As reported by IRIB on Sunday, Abdolhamid Emami noted that the mentioned fund will be allocated during a five-year period for financing construction and development projects in the country’s oil-rich regions.
“Of the total funding, so far over 10 trillion rials (near $238 million) has been financed”, he added.

EF/MA