Financial Briefs

Breaking financial news from Wall Street to Main Street

Iran Seeks Foreign Investments for $8B Gas Pipe

Posted by financialbriefs on September 25, 2008

Iran may allow international companies to build and run an $8 billion gas export pipeline in an effort to boost sales to Europe, a top government official said.

The pipeline is set to connect Iran’s giant South Pars gas field in the Persian Gulf with Turkey and European customers, National Iranian Gas Co. Managing Director Seyyed Reza Kasaeizadeh told Dow Jones Newswires.

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