Pars Oil to release bonds worth $85 million

Ali Sadegi, Managing Director of the Pars Oil Company (Iran), which specializes in the production of commercial oil, said that the company will release bonds worth about $85 million.

Iran exports 400 million liters of commercial oil a year, producing about 1 billion liters. Commercial oil is exported to 11 countries, including India, Iraq, Malaysia, UAE, Oman and Turkey.