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Iran to invest $70bn in gas
- Iran: Saturday, July 04 - 2009 at 09:07
Iran is planning to invest around $70bn in two major offshore natural gas fields by 2015, Reuters has reported. An official from the National Iranian Oil Company has said $40bn would be needed to complete remaining projects in the South Pars field in a five-year economic plan, which runs until 2015. Another official has mentioned Iran plans to take a Euro1bn bond with Asian banks to finance the development of South Pars.
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Medilyn Manibo, Assistant News EditorSaturday, July 04 - 2009 at 09:07 UAE local time (GMT+4)
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