Securities to be distributed among people in Iran to develop South Pars gas project
The Central Bank of Iran officially allowed Millet bank to distribute securities among people to develop South Pars gas project, Iranian news agency Shana reported.
Securities will be distributed not only among Iranians, but also among foreigners desiring to invest in the South Pars gas project, adviser to the director of Pars oil and gas company Mohammed Hasan Musavizade said
According to Musavizade, the total value of securities to be distributed among people is 1 billion euro.
People will receive profits from shares within three months of obtaining securities. Shareholders will be able to reimburse their investments in three years. Chances to make profits of investments is 100 percent, Musavizade said.