Iran seeks to boost gasoline production capacity

Iran is the world 5th largest oil exporter and it is issuing bonds worth $250 million to help in financing the production of gasoline. There will be an annual interest of 15.5 percent. The issue of bond will help them in their imports like import of natural gas. as there have been sanctions on Iran by the U.S. The Iranian government approved a plan to issue bonds worth $2.2 million to help finance priority development projects.