To attract companies, Iran’s Ministry of Petroleum “has drafted a new, more investor-friendly contractual framework” that it plans to introduce at the Oil & Gas Summit, according to Khajehpour. In February, the Islamic Republic revealed an investor arrangement that would allow foreign companies to explore, develop, and produce oil in joint ventures with the Iranian government. Such endeavors have not been legal in Iran since 1979, according to Sara Vakhshouri, president of SVB Energy International and a former adviser to the director of the National Iranian Oil Company International. Will sanctions against Iran finally come to an end, and what will it mean for international relations?
Posted on: Sat, 20 Sep 2014 17:00:01 +0000
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