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 >>

Iran >>  10/15/2017 - Iran is preparing a $5 billion investment package for maintaining and enhancing production of the country"s oilfields, Iranian Minister of Petroleum B...
Austria >>  10/11/2017 - OECD commercial oil stocks fell by 24.7 mb in August to stand at 2,996 mb, which is around 171 mb above the latest five-year average. Crude and produ...

India >>  10/9/2017 - Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India’s east coast and in the onshor...
Iran >>  10/9/2017 - The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors. The package includes cons...

Iran >>  10/8/2017 - National Iranian Oil Company (NIOC) says it is ready to absorb fresh investments in Iran"s oil projects, an NIOC official told a conference in Singapo...
United Arab Emirates >>  10/8/2017 - The Abu Dhabi National Oil Company (ADNOC) has strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memo...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  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 |

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.