Iran Seeks $30 billion of New Oil Contracts 

Iran has overhauled the way in which it offers contracts to foreign energy companies in a bid to attract up to $30bn of new investment.The terms of the new oil contracts will be more favourable to foreign investors, who will be allowed a greater stake in long-term profits.Iran is gearing up for the lifting of sanctions following the nuclear deal with six world powers in July.

Source: Iran seeks $30bn of new oil contracts – BBC News

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