Iran Signs Seven Initial Oil Deals With Foreign Firms
The contracts to study Iranian oilfields were signed with firms including Austria's OMV, France's Total , Germany's Wintershall, Indonesia's Pertamina, Russia's Lukoil and Zarubezhneft, he said.
Iran needs foreign investment to repair and upgrade its oil and gas fields and is also seeking the transfer of technology to its oil industry after a decade of isolation.
Many Western and Asian oil firms are still waiting for Tehran to unveil oil and gas contracts (IPCs) with new terms.
(Reuters)
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