Iran Kicks Off Oil-Development Tender to Woo Foreign Investors

  • State oil producer NIOC seeks to pre-qualify foreign bidders
  • NIOC to announce list of elgibile oilfield bidders on Dec. 7

Iran Looks for Foreign Oil Money

Iran is ramping up efforts to woo foreign investment in an energy industry stunted by years of sanctions, with a request for companies to submit documents to pre-qualify as bidders to develop the country’s oil and natural gas fields.

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