Iran to draw on sovereign fund to withstand oil price slide

(Reuters) - Iran will draw on its sovereign wealth fund to cope with damage to its economy from plunging global oil prices, Iranian Oil Minister Bijan Zanganeh was quoted by the ministry's news agency Shana as saying.

Iran oil development fund could reach $55 billion: Ahmedinejad

DUBAI (Reuters) - Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation.