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Iran’s 2016 legislative elections: a positive sign for upstream investors?

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Moderates and reformists have made significant gains in Iran’s 2016 legislative elections, suggesting the new parliament will be friendlier to President Rouhani’s economic reforms. It is also a positive step towards the implementation of the new Iran Petroleum Contract in the coming months, an essential part of NIOC's plans to offer 49 development projects to local and foreign investors.

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