EghtesadOnline: National Iranian South Oil Company (NISOC) has newly offered an oil field for international investment under Iran Petroleum Contracts (IPC) model, a monthly affiliated to Iran's Ministry of Petroleum reported.

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: The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in oilfields, the managing director of National Iranian Oil Company said.

EghtesadOnline: Winning foreign investors' trust to finance mega oil and gas projects will not only help ensure economic growth and prosperity in the long term but also help it gain access to advanced knowhow, the secretary general of the Federation of Iran's Energy Exports and Associated Industries said.