Ministry plans oil risk management fund.

The Ministry of Industry and Trade plans to create an Oil Risk Management Fund that would begin in 2008.

Businesses that buy and sell oil will contribute part of their profits to the fund when the global price of oil is low in return, the fund will pour money into businesses with the aim of keeping prices at a reasonable level. Any adjustments in the price of oil will be done every three or six months by the minis try, in an effort to avoid, dependence on the global price of oil.

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