Azerbaijan, Baku, Feb. 6/ Trend M. Moezzi
Thanks to public support, nearly $2.5 billion in participation bonds will be issued by Iran's Oil Ministry by the year's end, the Islamic Republic News Agency (IRNA) reported a top oil official as saying. Iran's solar year ends on March 20.
The sale of over a billion dollars in bonds in less than two days shows the public's support for investing in Iran's oil and gas sectors, said Ahmad Qalebani, the managing director of the National Iranian Oil Company.
Iranians know that by purchasing participation bonds for the South Pars oil and gas field, they are helping to create jobs and increase production, Qalebani added.
Some of the money raised will go to projects this year and some will be used next year.
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