Iran Courts Indian Companies with More Alluring Oil Contracts

Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions.
Iran started offering production sharing contracts (PSCs), long denied to investors, to a group of Indian oil executives visiting Tehran in January, an Indian industry source said on Thursday.
Tehran’s insistence, until now, on paying contractors back in oil made projects unattractive to foreign firms …

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