Comment on Iran unveils upgraded model for oil contracts

Iran unveils upgraded model for oil contracts

TEHRAN, Iran (AP) — Iran has unveiled a new model of oil contracts aimed at attracting foreign investment once sanctions are lifted under a landmark nuclear deal reached earlier this year. OPEC member Iran currently exports 1.1 million barrels of crude oil per day and hopes to get back to its pre-sanctions level of 2.2 million, last reached in 2012.

 

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