File - Iranian oil workers gather at an oil refinery south of the capital Tehran, Dec. 22, 2014. (AP Photo/Vahid Salemi)
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Iran has selected 45 oil and gas projects to show international companies at a conference in London in December, when new oil contract models will be discussed ahead of exploration auctions to double the country's crude output.The projects, including oil and gas exploration, will be discussed along with details of a new oil contract model at the Dec. 14-16 conference, Mehdi Hosseini, chairman of Iran's oil contracts restructuring committee, said in an interview in Tehran. Iran hopes to boost crude production to 5.7 million barrels a day, he said. Iran may give companies two to three months to decide whether to bid on the projects, he added.
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