Iran offered on Saturday about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported. Iran reached a deal with world powers in July, under which sanctions will be lifted in return for it scaling down its nuclear program. It has outlined plans to rebuild its main industries and trade relationships following the agreement, targeting oil and gas projects worth $185 billion by 2020. Some 135 energy companies attended a conference in Tehran to hear the terms of a new energy contract – which it calls its integrated petroleum contract (IPC). “The estimate is that if we can draw about $25 billion (in foreign investments) in a […]