29 August 2016 - 06:12
  • News Code: 267941
MP: New Model of Oil Contracts a Forward-Looking Gesture

TEHRAN, Aug 29 (Shana) – Head of the Parliament Economic Affairs Committee Mohammad-Reza Pour-Ebrahimi says the Iranian Ministry of Petroleum has compiled the new model of oil contracts for capital attraction and oil and gas capacity exploitation.

Pour-Ebrahimi told Shana on Sunday that because of these reasons, the formulation the the new contract model is a forward-looking gesture.

He said any taken action in the joint fields one day sooner, will be to the benefit of the country.

He went on to say that Majlis favors investment in the oil and gas sectors.

News Code 267941

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