Iran prepares for investors new form of oil contracts
Date: 13:56, 25-11-2015.
Almaty. November 25. Silkroadnews - Iran is preparing to offer international investors a new form of oil contracts, which calls Iran Petroleum Contract (IPC), wrote Trend.
Tehran believes that the IPC type contracts are designed to increase the attractiveness of Iranian oil projects to foreign investors. Contract offers contractors various stages of exploration, development and production in a complex package.
Earlier, Vice-President for Legal Affairs Mehdi Hosseini said that dozens of Iranian oil projects have been selected to work on the scheme of IPC. The value of these contracts could exceed $100 billion.
