The introduction of the new contract model for Iran’s upstream oil and gas projects, dubbed IPC (Iran Petroleum Contract), has generated a great deal of enthusiasm among the energy experts and analysts who’ve been monitoring Iran’s market fluctuations following the imposition of sanctions on the country’s energy sector in 2011 and 2012 and the termination of those sanctions on the day of the implementation of the Joint Comprehensive Plan of Action earlier in January.
http://www.iranreview.org/content/Documents/There-Are-Huge-Opportunities-for-Development-in-Iran-s-Oil-Industry.htm
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