Iran Petroleum Contract draws attention to buyback
Iran’s Oil Minister Bijan Zanganeh said his country’s newly designed oil contracts, called the Iran Petroleum Contract (IPC), attract attention to buyback contracts. Speaking in a conference, which presented the contracts, Zanganeh said the IPC is designed as a way to make up for the inefficiencies in Iran’s previous contracts (buyback), Trend correspondent reported from the event venue Nov. 28. “The contracts are seeking win-win deals among the Oil Ministry and companies that are to carry out related projects,” he noted. He added that Iran ...
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