It is reported that Bank Mellat has been appointed by the Central Bank of Iran to issue bonds to help finance the development of South Pars gas field.
Mr Mohammad Hassan Mousavizadeh a senior advisor of Pars Oil and Gas Company said that Bank Mellat was granted permission by the Central Bank of Iran to handle the issue of foreign currency denominated bonds.
Iran announced plans in late May to issue EUR 1 billion in bonds to help develop offshore South Pars gas field in the Persian Gulf.
Mr Mousavizadeh said that since the bonds would also be offered to Iranians living abroad as well as foreign investors, Bank Mellat could cooperate with foreign banks.
Meanwhile, a consortium of 3 Iranian and one Italian firms has been awarded a contract to build a gas treatment plant in South Pars gas field.
Iran’s state owned Petropars awarded the onshore package for USD 1.8 billion to a consortium of four contractors, including Italy’s Maire Tecnimont as well as Nargan, Dorriz and Gamma which are Iranian.
The deal, expected to be signed in July includes the construction of a gas treatment plant connected to Phase XII of the South Pars gas field.
Sourse From: http://www.steelguru.com/news/index/2009/07/15/MTAyMjM2/South_Pars_bonds_up_for_sale.html
Tuesday, July 14, 2009
South Pars bonds up for sale
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