Iran will invite foreign companies to bid for oil and gas projects for the first time since last year's landmark nuclear deal with world powers, the country’s Ministry of Petroleum said Sunday.
The ministry did not say how many projects would be involved but said they include exploration and production in oil and gas fields, with the bidding process opening on Monday.
It will be the first time Iran offers an international tender for oil and gas projects since the nuclear deal went into effect in January.
The ministry's website said foreign companies should submit their applications by Nov. 19 and that successful companies would be announced on Dec....
The reactor building at the Russian-built nuclear power plant in Bushehr, Iran, is shown in August 2010, when the first fuel was loaded at the site. Iran and six world powers have been in negotiations aimed at preventing Iran from developing a nuclear weapons capacity.