Middle East Economic Survey

VOL. LIII

No 26

28-Jun-2010

IRAN

NPC And Bank Melli Iran To Issue Bonds For Petrochemical Industry

The National Petrochemical Company (NPC) and its affiliate Petrochemical Commercial Company, together with Bank Melli Iran (BMI) have signed an agreement to issue 2bn Euro bonds and IR10,000bn ($970mn) to finance development of the petrochemical sector, the Iranian petroleum ministry website Shana said on 22 June. The issue of bonds was authorized in the budget for the...