Iran lists 29 companies to bid for oil, gas projectsStaff Writer | January 2, 2017
Iran has named 29 companies from number of countries as being allowed to bid for oil and gas projects using the new Iran Petroleum Contract (IPC) model.
Oil and gas exploration BP is waiting for Donald Trump
Iran hopes its new IPC, part of an effort to sweeten the terms it offers on oil development deals, will attract foreign investors and boost production after years of sanctions.
The Financial Times said BP had opted out of the bidding because of concerns over possible renewed U.S.-Iran tensions after President-elect Donald Trump takes office on January 20. ■