Iran announces London oil conference in February

[WorldNews]

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Iran on Saturday announced dates for a three-day oil and gas conference in London in February designed to attract foreign investors awaiting new contract terms to be unveiled next month. Oil majors have expressed interest in returning to Iran as soon as international sanctions linked to its nuclear programme are lifted, but they are currently still barred from signing any deals. A nuclear agreement between Iran and world powers, struck in July, is due to be implemented in December or January and a top official said the timing had influenced the London event.

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