EghtesadOnline: An executive at Austria's OMV says he is positive about the new model of contracts for Iran's upcoming oil and gas projects, but noted that the oil and gas major needs to learn more about the details of Iran Petroleum Contract.

EghtesadOnline: Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.

EghtesadOnline: The chief executive of Austrian energy group OMV, Rainer Seele, said on Thursday that talks with Iran's national oil company NIOC on settling outstanding claims which have hindered OMV from investing more in the country are almost finished.

EghtesadOnline: The National Iranian Oil Company is in the final phase of talks with OMV to sign a contract to sell 40,000 barrels of oil per day to the Austrian oil and gas company, the NIOC chief said.