Tender offers likely to take place over 6 months to a year 34 foreign companies identified by NIOC as suitable investors Iran expects foreign oil companies to sign deals valued at $25 billion over the next one to two years under the terms of a new contract model approved last week, the managing director of the National Iranian Oil Co. said. The state energy producer plans to tender contracts over a period of six months to a year to develop several oil and gas fields, the oil ministry’s news service Shana reported Tuesday, citing Ali Kardor. NIOC has identified 34 foreign companies as suitable bidders, he said. NIOC is also seeking investments under existing models, he said. Start your day with what’s moving markets. Get our markets daily newsletter. Business Your daily dose of the news that’s moving markets around the world. You will now receive the Business newsletter […]