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Iran seeks US$25bn in oil deals

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Iran is seeking US$25 billion in investments from 50 deals involving international oil and gas companies, foreign executives were told on Saturday in Tehran as the government outlined new contractual terms. Iranian Oil Minister Bijan Zanganeh opened a two-day conference in the capital attended by BP PLC, Royal Dutch Shell PLC, Total SA of France, ENI SpA of Italy, Repsol SA of Spain, OMV AG from Austria and other majors. All are weighing a return if, as expected, sanctions related to Iran’s nuclear program are lifted early next...

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