Iran's new oil and gas fiscal terms: what to watch for
The expected lifting of most international sanctions against Iran in H1 2016 marks the start of a new era and Iran's possible re-entry onto the global stage. The country crucially needs to attract foreign investment and new technologies to develop and maintain production from its vast resource base. Tehran has recognized the need to replace the unpopular buy-back contract system with fiscal terms that will attract the investment they need. A new fiscal regime, the Iran Petroleum Contract (IPC), will be unveiled on 28-29 November in Tehran ...
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