Iran is finalising a contract system to secure about $100bn of new oil and gas deals with western companies if sanctions are lifted, marking a big shift for a regime traditionally wary of the presence of foreign groups in its energy
sector.
Mehdi Hosseini, an adviser to Iran’s oil ministry who has been drafting a new energy contract for the past two years, said he expected president Hassan Rouhani to approve it in the coming months.
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