Iran in Talks on New Oil Contracts

Iran’s Oil Minister Bijan Namdar Zanganeh said the country’s revised oil contracts are being negotiated with foreign customers.

Speaking on a radio program, Zanganeh said efforts are underway to clinch deals based on the new oil contracts.

He said, however, that he could not say when and with whom those contracts will be signed.

Zanganeh also noted that the Oil Ministry is going to start reviewing the qualification of the foreign companies in talks with Iran within the next few weeks.

He explained that the draft version of  new contracts should be finalized before considering any bid.

(Source: Tasnim, under Creative Commons licence)

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