As negotiations over Iran’s nuclear program continue, a final deal could be inching ever closer. While this spells good news for majors and other IOCs itching to enter the Iranian upstream, smaller oil services firms who have carved out a niche in an Iran under sanctions, feel their position is under threat.

With just weeks remaining until the original deadline for a comprehensive deal on Iran’s nuclear program, Iranian Oil Ministry officials have been laying the groundwork for what they hope will be a flurry of new investment from abroad in the country’s neglected oil and gas sector. (CONTINUED - 1802 WORDS)