Iran eyes $100bn of investment in oil industry - FT.com:
"Iran hopes to secure $100bn of fresh investment in its oil and gas sector once international sanctions are lifted and has finalised details of new and more lucrative contracts for multinational energy companies.
Mehdi Hosseini, an adviser to Iran’s oil ministry and the man tasked with drafting the Iran Petroleum Contract expects Hassan Rouhani, the president, to approve the new contract in the coming months, with details to be announced by the end of the year.
The current system of buyback contracts, which does not allow companies to book reserves or take equity stakes in Iranian companies, has proved hugely unpopular with multinationals and deterred investors even before sanctions were tightened."
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