Iran Adopts Oil Contract as Glut No Barrier to Boost Output

Updated on
  • Government wants to lure $50 billion a year of investments
  • Nation has already boosted oil production 27% this year

Iran Approves a New Oil Contract Model

Iran approved a new oil contract model, taking the OPEC nation a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.