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Iran Seeks to Attract $30 Billion Foreign Investment With New Oil Contracts
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by News Editor
Iran’s South Pars oil and gas field. The terms of Iran’s new oil contracts will be more favorable to foreign investors. Photo: NIOC.
Iran has overhauled the way in which it offers contracts to foreign energy companies in a bid to attract up to $30 billion of new investment.
The terms of the new oil contracts will be more favorable to foreign investors, who will be allowed a greater stake in long-term profits.
Read full story at BBC.
