The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.
Read More »Vitol Clinches $1b Pre-Finance Oil Deal with Iran
The Vitol Iranian deal was signed in October and will come into effect this month. one of the sources who is based in Tehran said.
Read More »BP Not Applied for Iran Upstream Tenders
BP is taking a more cautious approach ahead of a Donald Trump presidency which threatens renewed diplomatic tensions with Tehran.
Read More »37 Top Scientists Urge Trump to Comply with Iran Nuclear Deal
During the presidential election campaign. Trump called the Iran accord “the worst deal ever negotiated.”
Read More »Iran Issues List of 29 Companies Approved to Bid in Oil. Gas Tenders
BP had opted out of the bidding because of concerns over possible renewed US-Iran tensions after president-elect Donald Trump takes office on Jan. 20.
Read More »Iran Discovers New Shale Gas Reserves
Implementation of research project to identify gas shales has begun in Lorestan province and the Zagros basin.
Read More »