(Source: NIOC - National Iranian Oil Company) The country hopes international companies will commit at least 100 billion dollars that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day. Oil Minister Bijan Namdar Zanganeh has introduced at the same event a new type of investor contract offering better incentives than the buy-back agreements Iran offered in the past. Iran will offer a framework for new oil deals to be negotiated...
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