Iran offers $3-bln bonds to fund gasfields
AFP
15-Aug-2010

Sanctions-hit Iran will within days offer the first tranche of a three billion dollar domestic bond issue to fund the development of its South Pars gasfields, a top official said on Sunday.

Ali Vakili, head of Pars Oil and Gas Company, the Iranian firm in charge of developing South Pars, said the funds will be raised in six stages during the current year to March 2011, according to oil ministry's news agency Shana.

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