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20 Oct
20:34

Iran looks for investment to boost oil production

Iran is negotiating with 16 international energy companies to help operate/manage 50 oil and natural gas projects around the country to boost production after years of international sanctions, Bloomberg reports. The projects are feasible even with oil at $40/barrel, Gholam-Reza Manouchehri, a deputy director of the National Iranian Oil Co. (NIOC), told reporters in Tehran on 19 October. The South Azadegan field on Iran’s southwestern border will be the …
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