Iran to issue $4.2b worth bonds for gas projects June 26, 2012 - 11:20 AMT PanARMENIAN.Net - Iran's Pars Oil and Gas Co (POGC) plans to issue rial- and U.S. dollar-denominated bonds worth 52 trillion rials ($4.2 billion) by March 2013 to accelerate implementation of South Pars projects, according to Fars News Agency. The development of Iran's South Pars gas field needs huge investment, minister of petroleum Rostam Qassemi said in an address to the Iranian parliament. POGC's financial manager Toraj Jahan Ara said that there would be $1 billion of dollar-denominated bonds, with the rest rial-denominated. The bonds will be issued in three phases; Bank Mellat would begin offering 5 trillion rials of rial-denominated bonds this week.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news About 32,000 rally in Yerevan to deman Pashinyan’s resignation  About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan.Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty.Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |
