Persian Gulf Star Refinery

Bonds issued to finance refinery project

 

TEHRAN, May 08 (Shana) – Iran has issued Salaf bonds for financing Persian Gulf Star Refinery by raising funds up to IRR 3,000b, Managing Director of Iran Energy Exchange (IRENEX) said.

Speaking to Shana on the sidelines of the 21st Iran International Exhibition of Oil, Gas, Refining and Petrochemicals, Ali Hosseini said the bonds are being issued for financing the project which will make Iran needless of gasoline imports and even exporting the commodity.

He said the bonds will be available by at most a month later.

IRENEX has so far raised IRR7,000b by selling salaf bonds.

He said the bonds can be issued for financing petrochemical plants as well.

The 21st Iran International Exhibition of Oil, Gas, Refining and Petrochemicals will run through May 8 at Tehran’s permanent fairgrounds. Nearly 2,000 exhibiting companies from 38 countries have put their latest oil and gas achievements on public display at the showcase.

By SHANA