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October 17, 2016

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Iran seeks energy projects

IRAN will begin taking applications today for an unspecified number of energy projects, the oil ministry’s news agency SHANA said yesterday, as the country moves to launch exploration and production contracts after the lifting of sanctions.

State-run National Iranian Oil Company said “reputable and eligible companies” should fill the applications for upstream oil and gas projects which will be made available on its website, SHANA said.

NIOC signed the first oil output contract under the new, less restrictive Iran Petroleum Contract model earlier in October.


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