Gulf Oil and Gas accountACCOUNT

5.000 Bln Rial of Iran South Pars Bonds Sold

Source: Shana 7/4/2012, Location: Asia

Share |
5.000 billion rial denominated bonds of development South Pars gas field were sold in five working days.

Offering South Pars bonds started 25th June by Bank Mellat for a six day period. Pars Oil and Gas Company (POGC) plans to issue 40,000 rial denominated bonds this year to accelerate implementation of projects in South Pars gas field.

Tax free, 20 percent on account profit bonds are nameless and could be transferred to a third party. The four year bonds also could be redeemed at any time in Bank Mellat.

The bonds’ profit is being calculated on a daily basis and being paid based on a three month period.

Buying bonds has faced widespread welcome because paying the profit has been guaranteed by the National Iranian Oil Company (NIOC).

Development of South Pars gas field has been planned in 24 phases of which 10 phases have already been completed while development of another 14 phases is underway.

Investment News in Iran >>

Norway >>  4/13/2018 - Johan Castberg, Polarled, Aasta Hansteen, Snefrid Nord, Askeladd and the exploration campaign in the Barents Sea; multi-billion investments are lined ...
United Arab Emirates >>  4/11/2018 - Abu Dhabi National Oil Co (ADNOC) is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particular...

Saudi Arabia >>  4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The For...
Singapore >>  4/10/2018 - KBR, Inc. (KBR) announced it will continue to grow its business in Singapore. Supported by the Singapore Economic Development Board (EDB), KBR will de...

United Arab Emirates >>  4/2/2018 - The MENA region has already committed US$345 billion to critical energy projects under execution while an additional $574bn worth of development is pl...
Mauritania >>  3/28/2018 - The World Bank approved on March 16th, a $20 million International Development Association (IDA)* grant to Mauritania to enhance the country’s capacit...

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

Related Articles: Accounting, Statistics  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 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Iran >>

More News

 

Oil & Gas Companies in Iran >>


Related Links

AZ BD BN CN GE HK 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
Copyright © Universal Solutions All rights reserved. - Privacy Policy.