Though doors may be opening to the Iranian oil sector, the government in Tehran hasn’t been in contact with any U.S. companies, a top official said Monday. Iran aims to do away with buy-back contract offers, whereby the host country agrees to buy produced hydrocarbons at a set price, and replace them with joint venture projects in an effort to woo foreign companies back to the Iranian energy sector. Mehdi Hosseni, the head of a contract revision committee in the Iranian Oil Ministry, said nearly a dozen new exploration and production projects are envisioned under the terms of a new contract regime under review. Iran’s oil minister in early March hosted multinational corporate representatives at a four-day energy conference in Tehran. Prior to […]