Dawood Manzoor, in a conversation with the public relations of the National Development Fund, emphasized that the country's oil resources need productivity, and stated: In other words, by investing in oil resources, these resources should be converted into liquid assets so that they can serve economic development and growth of the country. Currently, considering that financial resources and investment in the country are facing limitations, one of the resources that can help in the identification, extraction, and further production of oil resources is the resources of the National Development Fund.
He continued: I hope that the measures taken by the government, which are accepted by the Islamic Council, create a better opportunity for the economy, and as such with further productivity of the national development fund and their combination with oil resources they will result in economic growth.
The head of the Planning and Budget Organization emphasized that it is expected that the National Development Fund will enter the investment sector without entering the business sector, and said: therefore, all actions should be done through the purchase of services. The National Development Fund will also allocate resources through the non-governmental sector for investment.
According to this report, the general bill of the 7th Development Plan was approved by the Islamic Council yesterday. In this regard, the representatives of the Islamic Council today, following the review of the report of the consolidation commission of the Seventh Development Plan Bill, approved paragraph B of Article 3 of the bill and allowed the government to sign a contract with The National Development Fund in the field of exploration, development, extraction, production, sale, and export of oil and gas with the priority of new or joint fields, as settlement of their and the National Iranian Oil Company's debt to this fund.
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