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Iran: Some $4.3 billion in bonds to finance South Pars projects

Source: Tehran Times

Iran's Pars Oil and Gas Company (POGC) will issue some 52 trillion rials (around $4.3 billion) in rial and foreign currency bonds to finance the South Pars gas field development plans in the current calendar year, which ends on March 20, 2013.

South Pars

The Shana News Agency quoted the POGC financial director as saying that 40 trillion rials plus $1 billion is projected to e issued.

Touraj Jahanara added that last year 15 trillion rials in bonds were issued.

The National Iranian Oil Company's Managing Director Ahmad Qalebani has said that some $22 billion will be channeled into the South Pars gas field development projects in the current year.

Qalebani has already said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.
Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider plans for the development of joint oilfields.

The government should increase the budgets for the development of joint oilfields, Qasemi added. "The oil industry's infrastructure needs more than 500 trillion rials (about $41 billion) of investment to achieve objectives of the 20-Year Outlook Plan," Qasemi was quoted as saying."

... Payvand News - 06/27/12 ... --

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