Iran to have $1 billion in oil bonds in near future

The National Iranian Oil Company's managing director, Ahmad Qalebani, said that Iran will soon have special $1 billion oil bonds, Trend reports with reference to Shana news. According to Qalebani, the $1 billion worth of investments include $500 million from the Offshore Iranian Oil Company, and the other $500 million from the "Pars" oil and gas company in Iran.

Qalebani also said that Iran will be implementing oil futures some time next year. He noted that there had been some issues related to the oil futures with stock exchanges, but they have all been resolved.

Speaking of oilfields, Qalebani said Iran will be increasing its oil production by 1 million barrels a day, and its gas production by 400 mcm a day.

As VK previously reported, Iran announced that it would activate the work of several promising oil and gas fields. According to the Director General of Oil and Gas Company "Arvandan", Salbali Karimi, an agreement on the development of the deposit of Karun West will be signed by September 2012, and in a month in this field preparatory works for extraction will begin. In addition to Karun West, energy production will soon begin in the other oil and gas fields of the country, such as Sepehr, Sohrab, Jafir and Susangend.