Iran to Try Attract International Oil Companies Back with New Petroleum Contract

Op Ed Oil and Gas

The need for Iran to invest in its oil and gas sector to maintain and boost output is obvious. In a bid to create an environment more conducive to attracting foreign investment, the oil ministry has started working on a new contract model for international companies seeking to become involved in domestic oil field developments which will be unveiled in …

Iran Deal: What happens now in the region?

Sami Hamdi Iran, Middle East/North Africa, World Politics

After tense, lengthy negotiations, the P5+1 and Iran penned the long awaited nuclear deal that will see sanctions lifted and the Iranian nuclear programme reined in to lengthen the time Iran would need to build a nuclear weapon. However given the ongoing situation in the region; notably Iran’s support for rampant militias in Iraq; a brutal regime in Syria that has plunged the country into a bloody civil war; and Hezbollah in Lebanon which has effectively prevented the appointment of a President for over a year and half, the concessions granted to Iran are nothing short of incredible.