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Poolside photos of 59-year-old Christie Brinkley are a Web sensation
TEHRAN, July 5 (UPI) -- Since June 25 Iranian banks have sold $500 million in energy bonds.
The bonds, used by the Pars Oil and Gas Co., are to finance the development of Iran's South Pars Gas Field in the Persian Gulf. POGC intends to sell more than $3 billion in denominated bonds in 2012 to accelerate the development of South Pars gas field projects.
The bonds are tax-free and are guaranteed by the National Iranian Oil Co., with their profit being calculated on a daily basis and being paid every quarter, the Fars news agency reported Wednesday.
Iran's development of its South Pars natural gas field has been planned in 24 phases. Ten of the development phases are now complete, while the development of 14 additional phases is currently under way.
Iran is being forced to raise money for the development of the South Pars natural gas field because of U.S. and U.N. sanctions, which prohibit investment in Iran's hydrocarbon industries because of concerns over its civilian nuclear energy project, which the United States and Israel maintain masks a covert nuclear weapons program, a charge Iran strongly denies.
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| Additional Energy Resources Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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