The new model of Iran’s oil and gas contracts does not mean that Iran will ensure a special competitive investment environment, Gal Luft, Energy Expert, co-Director of the Washington-based Institute of Global Security Analysis of the Analytical Centre, told Trend.
Luft said that the new rules could become a significant step for Iran, but from the investors’ point of view, they will simply put Iran among other world makers.
In other words, at present Iran tries to catch up with other oil making countries, where private property of resources is a usual practice, Luft said.
“This does not mean that Iran offers a special investment environment. On the contrary, despite its rich resources, Iran still remains a problem place for business as compared to other directions,” Luft said.
Recently Iranian officials have disclosed details of the new contracts for oil production on 52 fields to the representatives of the world biggest oil and gas companies.
“Any foreign company that is going to extract oil, must have an Iranian partner,” said Iranian Oil Minister Bijan Namdar Zangane.
The first contracts will be put for the bids in early 2016.
