Iran is going to sell obligations amounting to $3 billion before next March to finance the development of the Southern Pars deposit in the Persian Gulf.
According to the executive director of the Pars Oil and Gas Company, Ali Vakili, income from those obligations will be free from taxes. The Ministry of Oil expects the Southern Pars deposit will bring in $100 billion a year.
The Southern Pars gas deposit is considered to be one of the biggest deposits in the world and contains 50.97 trillion cubic meters of gas.
Iran sells $3 billion obligations to finance Southern Pars development
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