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Sex tape spliced into graduation video
TEHRAN, June 4 (UPI) -- Iran issued a series of bonds to help finance developments of its South Pars gas field in the Persian Gulf, Iranian banks said.
Branches of the Iranian Bank Mellat in foreign countries began issuing bonds for the development of the giant gas complex in the Persian Gulf, the semiofficial Mehr News Agency reports.
Four tiers of bonds worth a total of $1.2 billion would fund South Pars development, the bank announced.
Iran is eager to bring foreign revenue into the country as Western countries push for tighter sanctions as punishment for a controversial nuclear program.
Iran last week, however, replaced Royal Dutch Shell and Spanish energy company Repsol with the Revolutionary Guard-owned Khatam al-Anbiya at two South Par development projects.
The foreign companies were given a deadline to commit to South Par development or face removal from the project
The South Pars gas field is the largest in the world.
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