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$460mln in bonds to finance South Pars projects

Posted on 24 November 2011

Five trillion rials (some $460 million) in bonds will be offered as of Saturday at the Tejarat Bank branches of Iran nationwide to finance the South Pars gas field projects, National Iranian Oil Company’s managing director, Ahmad Qalebani, said.
Iran will also issue $15 billion in sukuk (Islamic Sharia-based) bonds in the current year to be invested in the domestic oil industry, oil minister Rostam Qasemi said earlier this month………………………………………..Full Article: Source

 
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