Mojnews 12 April- Iranian minister of petroleum Rostam Qasemi said that more than 20 petrochemical projects in Iran have been planned using foreign credit lines.

According to the minister, this year the National Development Fund would allocate ‘good funds’ to ongoing projects of the petroleum ministry.

The National Development Fund as a reliable source absorbed 20 percent of oil revenues last year which will rise to 23 percent this year and that is why it can play an essential role in financing the oil industry projects, Qasemi said.

He also noted that many of the petroleum ministry’s projects were ready to use the fund’s resources.

Qasemi stressed on qualified implementation of plans in the oil industry adding "the ministry has made a final decision on 3,400 plans which are expected to be implemented in a very qualified way."