Iran to invest $70bn in gas projects

Posted by Cristina Gallardo at 4:55 PM . Sunday, July 5, 2009
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IRAN - Iran is planning to invest around $70bn in two major offshore natural gas fields by 2015. An official from the National Iranian Oil Company has said $40bn would be needed to complete remaining projects in the South Pars field in a five-year economic plan, which runs until 2015. Another official has mentioned Iran plans to take a Euro1bn bond with Asian banks to finance the development of South Pars.

more at Port Engineering News

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