Iran: NIOC Plans USD 5 Billion Bonds Issue

Rial-denominated bonds worth about $5 billion will be issued in near future to finance development of shared oil and gas fields especially South Pars gas field projects, managing director of the National Iranian Oil Company (NIOC), Ahmad Qalebani announced.

He reported of absorbing four billion dollars in South Pars gas field projects over the first four months of the current Iranian year, started 21 March 2011, through issuance of bonds adding by acquiring needed permissions bonds worth about $5 billion will be issued in near future, Iran’s SHANA news agency reported.

He went on to say that, more than 15 billion dollars will be invested in South Pars gas field projects up to the end of the current year

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Source: NIGC, August 7, 2011;

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