Iran says to introduce new oil contract in 2-3 months

VIENNA – Iran aims to introduce a new petroleum contract internationally in the next two to three months, its deputy oil minister said on Thursday, part of the Islamic Republic’s plan to boost output post-sanctions.

The proposed contract is more liberal than Iran’s previous “buy-back” contracts, Hossein Zamaninia, Iran’s deputy oil minister for commerce and international affairs, told reporters on the sidelines of a conference in Vienna.



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