Bidding for Iranian oil and gas projects by non-Iranian companies has encountered another delay.
According to Iranian news reports, Oil Minister Bijan Zanganeh told parliament the Iran Petroleum Contract (IPC) remains under review by the Supreme National Security Council.
The IPC is to replace the unsuccessful buyback contract in place since the 1990s.
National Iranian Oil Co. in January designated 29 foreign companies as qualified to participate in an upstream licensing round originally scheduled for last October (OGJ Online, Jan. 3, 2017).
