Originally awarded to Sofregaz (a unit of Gaz de France) and the local Pars Energy Gostar Drilling & Exploration, NGSC is now negotiating with new contractors to take over.
In early March, NGSC invited local and international companies to bid for a further deal to explore the Nasrabad salt structure, south-east of Qom, to transform it into another gas storage reservoir.
Unlike NOC's bonds, the bank facility, which is located at NOC, benefits from an upstream guarantee from NGSC.
43 billion transfer to NGSC and to fund HII's initial liquidity.
According to the managing director of NGSC
, increasing the stability of Iran's natural gas exports to neighbor countries and providing stability to the consumer's winter demand were the most important achievements of the project.
and Wells Fargo Securities, LLC acted as Co-Dealer Managers for the NGSC
The consideration to be paid for each $1,000 principal amount of the Notes validly tendered and accepted pursuant to the NGSC Offers to Purchase is detailed in Table 1.
and Wells Fargo Securities, LLC are acting as Co-Dealer Managers for the NGSC Offers.
and Wells Fargo Securities, LLC to act as Co-Dealer Managers for the NGSC Offers.
125% notes due February 15, 2011 and the funding of the purchase price of the Notes tendered and accepted for purchase in the NGSC Offers.
In line with the broad policies of the Oil Ministry and planning of the National Iranian Gas Company, the NGSC
has also carried out considerable activities with regards to storing natural gas in underground reservoirs including the inauguration of Qom Serajeh gas storage facility last year and launching Shorijeh facility this spring.
will serve as a subcontractor to ANI to help accomplish key tasks and has agreed to contribute in-kind support for this effort.