Iran Mulls Offering South Pars To IOCs As Opening Delayed

A London conference to unveil Iran’s new oil contracts has been delayed by four months to February 2015, the fifth postponement of an event Iran hopes will breathe new life into its upstream. But key fields will be up for grabs, MEES learns.

Iran’s upstream re-opening to western oil firms is intricately tied to the fate of ongoing talks between Iran and the P5+1 group of world powers over its nuclear program.

Nuclear talks were due to have ended on 22 July, hence the roadshow scheduled for the second half (and originally the first half) of 2014. But, with a deal not reached, talks were extended by four months, with a new deadline of 24 November (MEES, 1 August). (CONTINUED - 2353 WORDS)