File - An aerial view shows the third gas refinery of South Pars gas field in Assalouyeh, Iran on the northern coast of the Persian Gulf, Jan. 27, 2011. (AP Photo/Vahid Salemi)
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Iran will offer foreign partners incentives to find and pump more crude and natural gas and will pay some fees in barrels as it seeks to boost income once international sanctions are lifted.The committee revising Iran's contract model presented new terms called the "Iran Petroleum Contract".The U.S. and its allies believe Iran may be seeking to develop atomic-weapons technology, a claim that Iran denies.The contracts will include incentives for extending the life of fields and the recovery rate for oil and gas.
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