Rouhani Barkindo Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions against it were lifted, investors are still having difficulty making any real headway in the country. Oil majors from around the globe have been to Iran to meet with local officials regarding upcoming tenders. Despite that, several representatives and their negotiating teams have said that they were still in the dark about the geology of the oil fields in Iran, and even on the terms of the contracts. They also did not know who their local partners would be, and how soon they would begin to recoup their investments in the Iranian fields. Contract terms are important since investors do not want terms that could cause them to violate any remaining sanctions. Bob Dudley, the Chief Executive of BP […]