New contracts await nuclear accord

摘要

First scheduled for April 2014, an international industry-presentation of Iran's new petroleum contract terms offering greater incentives to foreign investors has been postponed six times. In late January this year, Iranian officials announced a possible September/October 2015 date for the presentation depending on the outcome of an ongoing negotiating process between Iran and the P5+1 group -the US, France, UK, Germany, China and Russia - to ease sanctions against Iran in exchange for a curtailment of its contentious nuclear programme (see Box).