Iran Oil Stabilisation Fund
|Iran Oil Stabilisation Fund|
|Assets:|| $10 billion
|Reports||Sovereign Wealth Funds Contact and Information Report|
The Oil Stabilisation fund is the Sovereign Wealth Fund for Iran. The fund was formed in 1999. It is one of the smallest SWFs with assets of $8 billion to $10 billion. Unlike many SWFs, the fund has reported its total assets but they give no reasons for increases or decreases in the fund. On October 31, 2007, Tashmasb Mazaheri, Governor of Iran's Central Bank, said that the OSF had $9.56 billion in assets. However, on December 19, 2007, he said the OSF only had $8 billion, without specifying if this was a different method in estimating the fund's assets then the one used in October 2007.
|December 2008||$23 billion|
|December 19, 2007||$8 billion|
|October 31, 2007||$9.56 billion|
|March 20, 2007||$9.469 billion|
According Mehrnews, Iran's government is giving the Oil Stabilisation fund a loan for power plant construction. This decision was announced by Energy Minister Parviz Fattah. This loan will fund private sector building power plants. It is unclear how much the loan is.