An investment opportunity exists in the Iranian energy sector, but there are a series of hurdles remaining, Austrian energy company OMV said. The Iranian government has approved a draft document outlining contracts for exploration, production and development of oil and natural gas fields in a post-sanctions business climate. Under the new terms, the National Iranian Oil Co. will set up joint ventures with foreign companies, which will be paid with a share of the output. Ahead of a string of planned investment conferences, Iranian officials have met with European energy representatives to discuss the terms of new relationships in the oil and gas sector. Austrian energy company OMV, whose chief executive officer Rainer Seele was among those who joined […]