Iran to attract $16 bln investment in South Pars
Azerbaijan, Baku, Sept. 17 / Trend A. Qurbanova/
Iran is to attract more than $16 billion financial sources in South Pars development plan by the end of current solar year (started on March 20, 2011), SHANA quoted Managing Director of Pars Oil and Gas Company Mussa Souri as saying.
"Iran attracted $2.3 billion investment from foreign investors and will assign $2.1 billion of new investments to contractors to develop South Pars plans," he said.
He stressed that the National Petrochemical Company will assign $2 billion to develop gas projects in South Pars.
Bank Mellat previously assigned $400 million to develop Phases 20 and 21 and will invest $700 million for the next two months. The bank agreed to provide $6.4 billion to develop joint fields.
Iran 's Oil Ministry will issue $5 billion bond to boost construction of gas phases in South Pars. The ministry aims to attract $52 billion investment to develop South Pars by 2015.