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.

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