Sunday 25 September 2016
 
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oil contracts

Iran signs seven initial oil deals with foreign firms

Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency Shana on Tuesday.

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Iran to sign oil contracts based on new model

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

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Iran wants more changes in new oil contracts

Iran's new oil and gas contracts will need amendments, its oil minister said on Tuesday after a meeting with the speaker of parliament, adding that the new contracts will not be sent to the assembly for final approval. The lau

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Iran's cabinet agrees new oil contracts

Iran's cabinet approved on Wednesday an amended draft for the country's new oil and gas contracts, Iranian official media reported. "The draft of the general conditions, structure and patterns of the upstream petroleu

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UK’s Wood Group wins double deal in Iraq

UK-based Wood Group, a leader in energy services has secured two new, three year contracts, collectively valued at over $140 million, to deliver technical services and expertise to a global oil company in Iraq. Wood Group PSN (WGP

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Iran’s new oil contracts ‘may touch $30bn’

Iran is likely to enter oil investment deals to the tune of $30 billion under the new contracts to be unveiled next week, a report said. "A section of our oil industry's challenges will be overcome with the new contract m

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Iran to reveal new oil contracts within weeks

Iran will unveil new oil development contracts in the coming weeks aiming to attract foreign investors and oil buyers once sanctions on its energy sector are lifted, Shana reported. The new contracts will be unveiled in T

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Iran sweetens oil contracts to counter sanctions

Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.

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Indian, UK firms clinch $2.3bn Kuwait oil deals

Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4 billion awarded by Kuwait during the July to August period, said a report. Larsen & Toubro (L&T) and Dodsal of I

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Iraqi Kurds export first heavy oil to global market

Iraq's Kurdish region has started exports of heavy crude to world markets, traders and industry sources said, a further step to wrestle more control of its lucrative oil sector from the central government in Baghdad. Trucked t

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