Iran plans to invest 10.7 billion dollars in the development of the South Pars field in 2010. By 2012 this figure should reach 13-15 billion dollars. This was stated by Director of National Iranian Oil Company, Ahmed Galebani, Trend reports, with reference to the Iranian news agency İSNA.
He added that in order to attract additional investments, the Central Bank of Iran will start issuing bonds amounting to three billion euros. These bonds will be sold through foreign banks.
According to the information, annual revenues of bonds will be eight percent. They are issued in amounts of 1000, 5000, 10,000, 50,000 and 100,000 euros. The turnover period is four years. The Iranian government has released buyers of these bonds from tax on profit from them. These bonds are not registered by name and therefore can be sold to third parties.
