Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

SP’s Bonds to Be Issued Soon

Source: Shana 10/15/2011, Location: Asia

Share |

The first tranche of a 50 thousand billion rial denominated bonds for development of the South Pars gas field projects will be issued by the agent banks as of 23rd October, according to remakes made by managing director of Pars Oil and Gas Company (POGC) Mousa Souri.

Speaking to Shana, Mousa Souri said that under an agreement with Iran’s Central Bank (CBI), for the first time in the Iranian calendar year of 1390 (began 21st March 2011) Iranian agent banks would start issuance of bonds for development of South Pars as the biggest gas field in the world.

‘The South Pars gas field’s share of the total credits for the first half of the current Iranian calendar year was 9.6 billion dollars of which 7 billion dollars have been absorbed and the remaining part (2.6 billion dollars) would be paid step by step over the year, the official said.

Souri noted that diversification of financial resources was one of the fruitful strategies of the POGC to speed up implementation of the SP’s projects so that we could use variety of resources for implementation of the projects.

The South Pars field is a gas condensate field located in the Persian Gulf. It is the world’s largest gas field and is shared by Iran and Qatar. According to the International Energy Agency, the field holds an estimated 50.97 trillion cubic meters (1800 trillion cubic feet) of in-situ gas and some 50 billion barrels of condensates.

Iran holds the world’s second-largest reserves of natural gas and the third-largest reserves of oil.

Financials and Investment News in Iran >>

Kosmos Energy Announces Redetermination of Borrowing Base
  Ghana >>  3/31/2015 - Kosmos Energy Ltd. (Kosmos) announced that the borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion followi...
Saudi Aramco Signs $10 Billion Loan
  Saudi Arabia >>  3/30/2015 - As part of the Company’s strategy of maintaining financial flexibility, Saudi Aramco has signed a new standby revolving credit facilities agreement. T...

SOCAR Placed 15-Year Eurobonds with Volume of USD 750 million
  Azerbaijan >>  3/29/2015 - The State Oil Company of Azerbaijan Republic (SOCAR) for the first time after two years has issued 15-year Eurobonds in the amount of USD 750 million ...
Rosneft & the Federal Anti-Monopoly Service Agreed on Price Formation Principles
  Russia >>  3/27/2015 - Rosneft and the Federal Anti-Monopoly Service of Russia have agreed the Standard regulating price formation principles and procedures for motor fuel s...

SIBUR Board of Directors Approves the 2015 CAPEX Plan
  Russia >>  3/26/2015 - SIBUR Board of Directors approved the Company's 2015 CAPEX plan of RUB 64.7 bn. ...
Northern Gulf Petroleum in Default on Manora Oil Project
  Thailand >>  3/23/2015 - Tap Oil Limited advises that on 20 March 2015 the Operator of the G1/48 Concession and the Manora Oil Development (Mubadala Petroleum) gave notice to ...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

Oil & Gas Companies in Iran >>

Related Links

Countries Quick Links

AZ BD BN CN GE ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed