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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Property, Projects, Infrastructure more

Iran plans $12.3 bln bonds to fund key gas project

Posted on 01 June 2009

From Forbes.com: Iran plans to issue $12.3 billion of foreign currency and rial-denominated bonds over the next three years to help finance the development of its major South Pars gas field in the Gulf, a state firm said on Sunday.
Total investment needs for remaining projects to develop South Pars, the world’s largest pure gas reservoir, amount to $50 billion, Pars Oil and Gas Company Managing Director Ali Vakili said in a statement. The company is part of the National Iranian Oil Company…….Full Article: Source

 
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