Iran eyes $100b of investment in oil industry
Iran hopes to secure $100 billion of fresh investment in its oil and gas sector once international sanctions are lifted and has finalised details of new and more lucrative contracts for multinational energy companies. Mehdi Hosseini, an adviser to Iran’s oil ministry and the man tasked with drafting the Iran Petroleum Contract expects Hassan Rouhani, the president, to approve the new contract in the coming months, with details to be announced by the end of the year. The current system of buy-back contracts, which does not allow companies to ...
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