Iran Expects $25 Billion Oil Contracts Signed Within Two Years

  • Tender offers likely to take place over 6 months to a year
  • 34 foreign companies identified by NIOC as suitable investors

Iran Set to Lose India Oil Market Share

Iran expects foreign oil companies to sign deals valued at $25 billion over the next one to two years under the terms of a new contract model approved last week, the managing director of the National Iranian Oil Co. said.

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