Iran sweetens terms for oil investors
Dubai
IRAN will pitch more than 50 oil and natural gas projects to foreign investors at a two-day conference in Tehran starting on Saturday as the Persian Gulf country prepares for the end of sanctions that have stifled development and production of its energy wealth.
The government hopes international companies will commit at least US$100 billion that Iran says it needs to boost oil-production capacity by more than one million barrels a day. Oil Minister Bijan Namdar Zanganeh will introduce at the same event a new type of investor contract offering better incentives than the…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates