Thursday, 17 September 2009

Iran plans $1.4 bln gas bond offering

Iran plans to offer a 1 billion euro ($1.40 billion) bond by December to help finance development of its largest natural gas field, the Oil Ministry website SHANA on Wednesday quoted a senior official as saying.

Iran plans to invest around $40 billion to develop the South Pars field through 2015.

The field is part of the huge formation shared with Qatar that makes up the world's largest pure gas reserve.

Reblog this post [with Zemanta]

No comments:

Post a Comment