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November 29, 2015 9:59 am

Iran Seeks to Attract $30 Billion Foreign Investment With New Oil Contracts

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Iran's South Pars oil and gas field is owned by National Iranian Oil Co. Photo: NIOC.

Iran’s South Pars oil and gas field. The terms of Iran’s new oil contracts will be more favorable to foreign investors. Photo: NIOC.

Iran has overhauled the way in which it offers contracts to foreign energy companies in a bid to attract up to $30 billion of new investment.

The terms of the new oil contracts will be more favorable to foreign investors, who will be allowed a greater stake in long-term profits.

Read full story at BBC.

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