Iran can attract $30 billion in investments

Last week, Iran’s oil minister announced a new model of contracts for foreign oil and gas companies during the two-day conference in Tehran. The new framework allows foreign investors to retain the oil fields for a longer period. The older contracts were for the short term. Foreign companies used to develop the oil fields and hand them over to Iranian oil companies.

The new contract laid down the framework. The foreign companies will develop the oil and gas fields. They will also extract the oil and natural gas from the fields. Foreign companies will own a stake in the oil and gas fields. However, the resources will belong to the Iran. Europe (FEZ) will be a lucrative market for Iran.

Iran Is Getting Ready to Supply Natural Gas and Crude Oil

The above shows the pipeline network in Turkey. The pipeline network can be useful for Iran as a transit to the European continent.

A lucrative offer for Eurasia companies

European companies like Royal Dutch Shell (RDS.A) and Total (TOT) are gearing up for the contract. The investments will also attract companies from Pakistan and India (INDY). Russian companies like Lukoil (LUKOY) are also looking to invest in the contract.

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