VOL. XLVI

No 49

8-December-2003

IRAN

ENERGY FINANCE

NIOC Signs Deal With Foreign Banks For Developing South Pars 9 And 10

National Iranian Oil Company (NIOC) has signed an agreement with a group of international banks to receive $1.75bn in finance for development of phases 9 and 10 of the South Pars natural gas project. The consortium is being led by Deutsche Bank and includes Societe Generale, Natexis Banques Populaires, BNP Paribas, Commerzbank, ING Bank and Export-Import Bank of Korea (which is...