Given that China has put its expansion into Iran on hold for the time being due to the backlash in Iran on the extent of such plans, Tehran is now looking at ways in which it can plug the initial US$280 billion that had been expected from China to develop its oil, gas, and petrochemicals sectors. As U.S. sanctions make direct investment by foreigners extremely difficult and also act as a brake on international investment flowing into the Tehran Stock Exchange, the bond market looks like the only fund-raising game in town for Tehran. The chief executive officer of the National Iranian Oil Company (NIOC), Masoud Karbasian, said last week that Iran is looking at a range of such offerings and, following extensive talks with various senior figures in Iran connected to the Petroleum Ministry, OilPrice.com can now confirm to know what these options are. Although Iran is in […]