sentences:  The Integrated Petroleum Contract (IPC) will require the IOCs to fulfill Iran's local content requirement, which will be 51% of the contract and transfer of technology.NIOC will set up joint ventures for crude oil and gas production with international companies which will be paid with a share of the output.IPCs will be offered for work on somewhere between 34 and 74 oil fields and could last for the duration of a field's life.