Iran to sign oil contracts based on new model
TEHRAN, August 28, 2016
National Iranian Oil Company (NIOC) will sign two or three contracts based on the new model by March next year, the company’ deputy managing director said.
Gholamreza Manouchehri added that he expected amendments to the new model of oil contracts to be approved by the cabinet this week, reported Iran Daily, citing Mehr News Agency.
Following the approval of the framework, NIOC will consider tender documents, he added.