Iran sweetens terms for oil investors
The government hopes global companies will commit at least $100b that Iran says it needs to boost oil-production capacity by more than 1m bpd/ A natural gas refinery in the South Pars gasfield in Asalouyeh. Companies that explore for oil or gas and come up empty-handed can search for fuel in nearby areas. Under buy-backs, companies had to stick to development plans they agreed to before starting work./ Dubai: Iran will pitch more than 50 oil and natural gas projects to foreign investors at a two-day conference in Tehran starting Saturday as ...
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