Iran offers 50 oil, gas fields to foreign bidders

TEHRAN: Iran’s national oil company said Monday that it has offered 50 oil and gas fields to international bidders, the first time it has done so since last year’s landmark nuclear deal with world powers, reports foreign media. Also Monday, the country’s deputy oil minister welcomed a preliminary agreement by OPEC nations to limit output to between 32.5 million and 33 million barrels per day. The deal by the Organization of Petroleum Exporting Countries was reached in late September, with the aim reducing a global glut that has depressed oil prices for over two years.The deputy minister, Amir Hossein Zamaninia, told reporters in Tehran that the agreement was “small step, but in the right direction.”