IRAN 

POGC Plans Additional South Pars Finance Through Bonds

The Managing Director of Pars Oil and Gas Company (POGC), Mousa Souri, told the petroleum ministry’s Shana website on 20 July that the National Iranian Oil Company (NIOC) subsidiary will issue in the current Iranian year starting on 21 March 2011, in cooperation with the Central Bank of Iran (CBI), participation bonds worth $8bn to finance further development phases in the South Pars gas field. Mr Souri said that NIOC...