Iran is prepared to offer longer term and more profitable contracts to international oil and gas firms but expects substantive partnerships with Iranian companies, said oil ministry officials, signaling how the cloistered country will try to entice billions of dollars in energy investments following any nuclear deal. The new contract model, which Iran has discussed with foreign companies but not yet released in its entirety, would pay companies more for boosting production, last longer and encourage joint ventures from the earliest stages of field development, said Ali Kardor, the vice president for investment and finance at the National Iranian Oil Co. The companies will also be expected to share more technology and management expertise with their Iranian partners. “They will have the incentive to produce more, and to transfer the technology,” Mr. Kardor said. Attention has focused on Iran’s oil and gas reserves, the fourth largest and biggest in […]