Bond Issuances Expected To Push Forward Gas Field Development

BMI View: We believe that planned bond issuances by Iran's Mellat bank worth EUR250mn will be successful. That said, the ultimate aim of the capital raising, to develop the country's gas refinery capacity, remains in doubt. We do not believe that the government will be successful in achieving its goal of energy self-sufficiency by 2013.

To read the full article, please choose one of the following options: