18 February 2015 - 16:07
  • News ID: 235469
Bank Mellat Funds South Pars Projects

TEHRAN Feb 18(Shana)--Bank Mellat is investing $7 billion in six phases of the giant offshore South Pars gas field, managing-director of Bank Mellat said.

Mohammad-Reza Saroukhani said the bank has agreed to invest in phases 13 and 20-24 of South Pars which Iran shares with Qatar in the Persian Gulf.

He said that Bank Mellat has been serving as agent bank in oil projects which are financed by the National Development Fund of Iran (NDFI).

He said Persian Gulf Star Refinery and three petrochemical projects are also to receive funding through Bank Mellat.
News ID 235469

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