Lukoil insists that Iran should improve terms of oil contracts

Head of Lukoil Vagit Alekperov has stated that Iran should improve the terms of its international oil contracts to attract more investment in the oil production sector of the country after the lifting of sanctions.

As Alekperov told the Bloomberg news agency, Iran will require huge investments and a substantial increase in the production and supply of oil from new fields to attract the investors' attention.