(MENAFN) Iran said that it will offer foreign partners incentives to pump more natural gas, and pay fees in barrels once international sanctions are lifted, according to Tehran Times
Oil-ministry officials said that riskier exploration and production projects will be offered higher fees
Mehdi Hosseini, a government energy adviser who leads the ministry committee, said: "We"ve analyzed all the contracts in the market right now, all available, beneficial models, and this is what we"ve come up with. This is a good model, with flexibility.
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