Iran Plans Higher Pay for Riskier Oil Fields With New Contracts
Iran will offer foreign partners incentives to find and pump more crude and natural gas and will pay some fees in barrels as it seeks to boost income once international sanctions are lifted. New contracts that the country is developing will offer higher fees for riskier exploration and production projects, oil-ministry officials said at a conference in Tehran today. Local and international executives are attending the two-day meeting that started yesterday to discuss rules that would govern oil and gas production if Western curbs on Iranian ...
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