Iranian Oil minister Rostam Qasemi has said that the National Iranian Oil Company will start selling oil bonds in the near future. According to the national budget law, the Oil Ministry’s subsidiaries are obliged to sell bonds totally to the ceiling of $5 billion in the current Iranian calendar year, which ends on March 20, 2013.
On November 7, Iranian Offshore Oil Company’s Managing Director Mahmoud Zirakchianzadeh said the company will issue $500 million worth of bonds to finance oil projects in the current Iranian calendar year, which ends on March 20, 2013………………………………………..Full Article: Source