EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Tuesday Iran's first oil tender within the framework of Iran Petroleum Contract , the country's new model of contracts for oil and gas projects, would be completed in eight months.

EghtesadOnline: Representatives of several integrated oil and gas companies from East Asia were briefed on the new model of Iran's oil contracts in Tehran last week, the Oil Ministry's news service Shana reported Sunday.

EghtesadOnline: Iran's Petropars Company is talking with international oil and gas majors to forge partnerships to develop domestic exploration and production (E&P) projects under the new model of contracts, known as Iran Petroleum Contract (IPC), the company's project manager said on Saturday.

EghtesadOnline: Transfer of technology is an indispensable part of Iran Petroleum Contract , the new model of oil contracts for developing Iran's oil and gas fields, as the country needs cutting-edge know-how and equipment to offset the natural decline in extraction from aging oil and gas reservoirs, deputy for engineering and development at the National Iranian Oil Company said.

EghtesadOnline: Minister of Petroleum said the new oil deals called Iran Petroleum Contract (IPC) will attract foreign investment and make the foreign countries' interests dependent on the Iranian economy.

EghtesadOnline: Iran on Wednesday approved the outline for the new generation of its oil and gas contracts, dubbed Iran Petroleum Contract , taking the OPEC member a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market.