A Comparative Study of the Confidentiality in International Documents and Iranian law with Emphasis on Upstream Oil and Gas Contracts

Document Type : Research Article

Authors

Department of Energy Law and International Trade, College of Farabi, University of Tehran, Qom, Iran

10.22059/jolt.2024.355658.1007178

Abstract

In economic relations and financial law, trade secrets form an important part of the assets of the economic actors. Disclosure of the scientific information causes serious damages to the owners of such information. As maintaining the confidentiality of the reservoirs information and technical issues is one of the terms and conditions contemplated under upstream oil and gas contracts, some questions arise here as follows. How, for what duration and to what extent should the scope of the confidentiality of the contracts, keeping the confidentiality, conditions and obligations of the parties for confidentiality in this contracts be? Is confidentiality recognized as a legal principle or is simply considered as one of the terms and conditions envisaged under the trade contracts? To answer such questions, the present descriptive-analytical research examined the domestic laws and regulations, international documents and regulations as well as the upstream oil and gas contracts. Seemingly, the scope of confidentiality under Iranian regulations both covers the provisions under a contract, including the reservoirs information and the well drilling, within the framework of a contract.

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References

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www.oxfordlearnersdictionaries.com/definition/american_english/confidentiality
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Private Law
Volume 20, Issue 2
Autumn & Winter
October 2023
Pages 257-274

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