Iran sets up national energy fund, oil minister says - Reuters UK

TEHRAN, Feb 7 (Reuters) - Iran has established an energyfund backed by the Central Bank and other Iranian banks to helpfinance investments in the sector, Oil Minister MassoudMirkazemi said on Sunday.

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"The National Energy Fund, with the help of the resources offour local banks and the Central Bank, has been established tohelp finance major parts of the oil industry's activities," theofficial IRNA news agency quoted Mirkazemi as saying. "Several rounds of talks were held in this regard and it wasapproved by the president (Mahmoud Ahmadinejad)," he said.

Full Story: Iran sets up national energy fund, oil minister says - Reuters UK