Oil Stabilization Fund News

Four Russian-made ships under the name of “Iran-Turkmen” will be launched in the Caspian Sea by March 2008, said the Caspian Sea Shipping Co. managing director Saturday. The company’s fleet will reportedly reach 10 when the four are delivered. Reportedly, $48m from the Oil Stabilization Fund (OSF) has been allocated for the building of the four vessels. [Source: http://www.tehrantimes.com]