Iran to issue $800m worth of bonds to fund South Pars projects

TEHRAN – Iran’s Pars Oil and Gas Company will issue 20 trillion rials (about $800 million) worth of bonds in the next Iranian calendar year, which begins on March 21, to fund development projects in the South Pars gas field, IRIB reported on Monday.

The South Pars gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf.
The remaining 6,000 square kilometers, i.e. North Dome, are in Qatar’s territorial waters.
The Iranian gas field, which is divided into 29 phases, contains 14 trillion cubic meters of natural …read more

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