Middle East Economic Survey
VOL. LIV
No 12
21-Mar-2011
IRAN
Iran Set To Issue 3Bn Bond For South Pars Gas Field Development
Iran is set to issue bonds domestically worth a total 3bn to fund further development of the giant South Pars offshore gas field, a National Iranian Oil Company (NIOC) official announced on 11 March. This represents the countrys latest move to raise funds in the face of tightening international sanctions. NIOC Managing Director Ahmad Qalebani told the petroleums...
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