Iran Oil Ministry will issue bonds in order to finance developing the oil fiends. Reuters writes that finding foreign buyers seems to be very difficult as Western investors are concerned about the US sanctions. Iran is preparing to face the return of sanctions.
The Oil Minister of Iran, Bijan Zanganeh, has already emphasized this is a result of negotiations between the Securities and Exchange Organization (SEO) of Iran and the his ministry for one and a half years. “This will help all Iranians to participate in investment in oil projects,” said Mr Zanganeh.
See the original article: Iran to issue bonds for investment in oil sector