Iran suggested on Sunday that it will have to wait for the outcomes of the current nuclear talks with P5+1 before unveiling the new model of its oil sector contracts that it hopes would lure investors into its oil and gas projects. ��

Mehdi Hosseini, the head of a team of experts established at the Ministry of Petroleum to devise the new Iranian oil contracts, said it is still not clear if the new model � named Iran Petroleum Contract or the IPC � will be introduced to international investors in September. He had previously said the IPC will be unveiled in a conference in London.

�It is still impossible to set an exact and official date for introducing the IPC,� Hosseini told Iran's Shana news agency.

�Introducing the new oil contract will very much depend on Iran's political atmosphere,� he said.

By Press TV