Iran to is­sue bonds for oil sec­tor in­vest­ment

Iran Daily - - Domestic Economy -

Iran will is­sue bonds in the com­ing months to fund oil in­dus­try projects, said the head of Se­cu­ri­ties and Ex­change Or­ga­ni­za­tion (SEO) on Tues­day, a month af­ter the United States with­drew from a nu­clear deal and said it would re-im­pose uni­lat­eral sanc­tions. Ac­cord­ing to IRNA, Shapour Mo­ham­madi fur­ther said that the Se­cu­ri­ties and Ex­change Or­ga­ni­za­tion (SEO) and the Oil Min­istry have been ne­go­ti­at­ing for one and a half years on is­su­ing bonds for oil projects and hope­fully this will be im­ple­mented within a few months.

“This will help all Ira­ni­ans to in­vest in oil projects,” he added.

In May, French oil ma­jor To­tal said it might pull out of its in­vest­ment in Iran’s South Pars Gas Field if it can­not se­cure a waiver from the US govern­ment.

Iran’s Oil Min­is­ter Bi­jan Nam­dar Zan­ganeh said last month that for­eign in­vest­ment was needed to de­velop the oil in­dus­try, but that it could sur­vive if for­eign­ers de­cided to stay away.

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