The ministry plans to issue Islamic Sukuk bonds made available for the first time for the littoral Persian Gulf states and Middle East countries, Mehr news agency quoted deputy oil minister Mohsen Khojasteh-Mehr as saying.
http://www.tehrantimes.com/index_View.asp?code=241365
They need a cash infusion, eh? They’re bonds won’t be worth the paper they’re printed on. They may be on top of a sea of oil, but they’ve probably already spent the revenues expected from the sukuk issuance several times over.