• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 10 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 3 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 8 hours Will Uncle Sam Step Up and Cut Production
  • 14 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 2 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 2 hours 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 23 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 1 day NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 23 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 2 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 2 days Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 2 days Why Oil is Falling (including conspiracy theories and other fun stuff)
Corn Industry Battered By Shocking Ethanol Decision

Corn Industry Battered By Shocking Ethanol Decision

The administration just issued a…

Heat Wave Pushes Texas Power Demand To Record-High

Heat Wave Pushes Texas Power Demand To Record-High

Unusually high temperatures caused a…

Iran Plans To Issue Bonds To Fund Oil Projects

Oil rig

Iran plans to issue bonds in the next few months to help fund oil projects in the country, according to the head of the local Securities and Exchange Organization.

“The Securities and Exchange Organization (SEO) and the oil ministry have been negotiating for one and a half years over the issuing bonds for oil projects ... We are hopeful that this would be implemented in a few months,” the head of the organization, Shapour Mohammadi said on Tuesday, as quoted by the official news agency IRNA.

“This will help all Iranians to participate in investment in oil projects,” Mohammadi added.

The plan to issue bonds resurfaces a month after the United States withdrew from the Iran nuclear deal and announced the return of the sanctions on Tehran later this year. Foreign companies, including France’s Total, have already said that they would pull out of Iran if they can’t obtain U.S. waivers.

It wasn’t immediately clear if Iran’s planned bonds for funding the oil sector would be offered to foreign buyers, too. If Iran is seeking foreign buyers, it could have difficulties attracting investors to buy its debt, considering that foreign companies are carefully examining their potential risk, and many opt not to risk being slapped with some kind of secondary U.S. sanctions if they continue to do business with Iran.

As regards U.S. sanctions, Iran has sought support from fellow OPEC members against the returning sanctions and wants the issue on the agenda at the Vienna meeting next week. In a letter to the OPEC presidency, Iranian Oil Minister Bijan Zangeneh also suggested that his country does not agree with “recent remarks by certain OPEC members, noting that the Organization adopted decisions by consensus and no single member spoke for the body.”

OPEC is said to probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play