Gulf Oil and Gas accountACCOUNT

5.000 Bln Rial of Iran South Pars Bonds Sold

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

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 bondsí 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 >>

Qatar >>  2/18/2019 - Baker Hughes, a GE company, the worldís first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP)...
Qatar >>  2/18/2019 - His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleumís Localization Prog...

Russia >>  2/14/2019 - Gazprom Neft has concluded a cooperation agreement with the Government of the Omsk Oblast at this yearís Russian Investment Forum in Sochi, signed by ...
Russia >>  2/14/2019 - Gazprom Neft, the Ministry of Industry and Trade of the Russian Federation and the Government of the Omsk Oblast have concluded a special investment c...

Mexico >>  2/13/2019 - BHP has approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP, ...
Nigeria >>  2/13/2019 - A major step on attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja with t...

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 | 25 |

Oil & Gas Projects in Iran >>

More News

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. - Terms of Service - Privacy Policy.