Iran to attract $100bn under new oil contracts: Official
Iran is predicted to attract USD 100 billion in investment in its energy sector over the next four years after its new model of oil contracts takes effect, a top official says./ Mehdi Hosseini, who advises Oil Minister Bijan Namdar Zanganeh on oil contracts, made the announcement on Wednesday; three days after Iran unveiled the draft for its new oil contract terms. He said that Iran Petroleum Contract (IPC) has removed all problems which have existed in the framework of oil contracts over the past 20 years. “Iran enjoys lots of attractions ...
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