The Authorized Upstream Oil and Gas Contracts in the Iranian Law

Document Type : Research Article

Authors

1 Professor of Law, College oF Farabi , University of Tehran, Qom, Iran

2 MSc., College of Farabi , University of Tehran, Qom, Iran

Abstract

Under Iranian legal regime, investment of private sector including Iranian and foreign companies, in upstream oil and gas activities is only allowed through conclusion of contracts with National Iranian Oil Company (NIOC). As petroleum contracts could be divided into concessions, production sharing or service contracts and each also has its varieties, this question arisen whether Iranian law has allowed a specific form of contract or not. In this paper, with regard to governing laws and regulations we conclude that the legislator has not recommended any specific upstream contract and it vested selection of the appropriate forms of contract in Ministry of Petroleum which shall conclude upstream contracts based on legal conditions.   

Keywords

References

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Private Law
Volume 17, Issue 2
Autumn & Winter
October 2020
Pages 279-300

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