Official: Iran’s new oil contracts ‘Exceptionally Flexible’ (NIOC - National Iranian Oil Company)

(Source: NIOC - National Iranian Oil Company) Tehran will be hosting executives of major energy companies on Nov. 28-29 to unveil its new framework for oil and gas development operations in Iran. Head of Iran's Contracts Restructuring Committee (ICRC) Mehdi Hosseini said the Iran Petroleum Contract (IPC), as the new model is called, will have flexible terms. 'What we are offering is a very flexible model of contracts. It is integrated...