Iran to issue 8bn euros in bonds for oil projects

The directive is part of President Mahmoud Ahmadinejad's budget bill submitted to the Iranian Parliament (Majlis) on January 24 for the upcoming Iranian year (beginning March 21).

The bill is awaiting an affirmative vote in the Majlis, the ILNA news agency reported.

Iran, the world's fourth-largest oil producer, is seeking to draw international investments in pressing forward with its energy projects.

Issuance of the bonds is contingent upon the authorization of the Central Bank of Iran.

/Press TV/