Then why would they need anyone's money? Oh, I see, they can't sell it on the open market because of sanctions, so they sell it to their own people, who it belongs to in the first place.
Eventually they will sell the oil to someone, but I doubt one nickel will go back to the Iranian people, let alone $49 bbl., which is what they promise.
I shake my head; nobody can be this stupid and survive.
“When he says “pre-sell” does that mean the oil is still in the ground?”
They are selling Government bonds to the public - supposedly guaranteed by oil.
That Government could well be gone before the two years is up. The money raised will certainly be gone.