Iran aims to attract $100bn in foreign oil investments | Iran aims to attract $100bn in foreign oil investments -
iran-oil-ministry

Iran aims to attract $100bn in foreign oil investments

: Saturday, March 01 - 2014 @ 12:48

Iranian oil ministry has said the country plans to attract $100bn of foreign investments in the crude oil sector over the next four years, Xinhua has reported. Iran Petroleum Contract (IPC), which envisages new contract models offered by the Islamic republic, has removed all the problems that existed in oil deals over the past 20 years, said Mehdi Hosseini, head of the ministry’s Oil Contracts Revision Committee. “By solving old contract problems, the ground is prepared for the renewed presence of big oil companies in the country,” Hosseini said.

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Saturday, March 1- 2014 @ 12:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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