Middle East Economic Survey


No 1-2



POGC Plans Euro And Rial Bond Issues To Finance South Pars Work

Pars Oil and Gas Company (POGC) Managing Director Ali Vakili told reporters on 2 January that the overall capital investment on further development of South Pars gas field in the next Iranian year (21 March 2011 20 March 2012) is expected to exceed $12bn. Dr Vakili said that the company plans to issue, in the Iranian month of Bahman (January 21 20 February), in...