Publication Date:
Tue, 2011-07-12 20:00
“These bonds will be issued this year (Iranian year-end is in March). These bonds are different from those allocated for development of the South Pars gas field,” said Abdolmohammad Delparish, head of Integrated Planning at the National Iranian Oil Company.
International sanctions aimed at persuading Iran to curb its nuclear program have forced western oil companies to pull out from gas and oil fields, pushing Tehran to seek other sources of finance.
“By issuing these bonds, some part of the country’s financing problems for the oil projects would be resolved,” Delparish said.
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