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Iran Kicks Off Oil-Development Tender to Woo Foreign Investors

By Tony Seruga

State oil producer NIOC seeks to pre-qualify foreign bidders
NIOC to announce list of elgibile oilfield bidders on Dec. 7

Iran is ramping up efforts to woo foreign investment in an energy industry stunted by years of sanctions, with a request for companies to submit documents to pre-qualify as bidders to develop the country’s oil and natural gas fields.

State-run National Iranian Oil Co. will solicit documents from international companies starting Monday, according to an announcement posted on the website of Shana, the oil ministry’s news service. Interested companies will have until Nov. 19 to submit their qualifications, and the government will publish a list of eligible bidders on Dec. 7, according to Shana…

Iran Kicks Off Oil-Development Tender to Woo Foreign Investors

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