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Iran offers new terms for oil contracts

Although international sanctions are still in place pending the outcome of the nuclear talks, Iran is proposing new investment contracts to raise profits and reduce risks to attract international companies to its energy sector.

Iranian Oil Minister Bijan Zanganeh talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna December 4, 2013. Zanganeh said on Wednesday he expected Iranian oil output to reach 4 million barrels per day at the end of next year. REUTERS/Heinz-Peter Bader  (AUSTRIA - Tags: POLITICS ENERGY) - RTX1635R
Iranian Oil Minister Bijan Zanganeh talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna, Dec. 4, 2013. — REUTERS/Heinz-Peter Bader

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