Iran has changed the terms of participation of foreign investors in oil projects

Almaty. November 30. Silkroadnews - Iran presented a new model for the participation of investors in oil projects, reported the newspaper "Vedomosti".
Iran extends the participation of foreign investors in projects to 15-20 years from the previous 5 years. Previously, foreign companies during the term of the agreement had to keep the cost of development of deposits on the agreed level, even if the discovered oil reserves turned out higher than expected. Now these limits are less stringent.
Iran has the largest gas reserves and the fifth largest oil reserves in the world and is ready to offer opportunities for partners to participate in the development of 52 fields with an investment of $30 billion. As a result, Iran expects to increase production by 2 times to 5.7 million barrels a day by the end of decade.