The Effects of New Legislations on Iranian Buybacks
Article from: OGEL 5 (2013), in Middle East, Buy Back Contracts
Introduction
Buyback as the main petroleum contractual system in Iran is revised many times in its history. Introduction of three Buyback generations indicates that Iranian authorities are seeking more efficient contractual scheme. However, it is believed that Buyback still needs more revisions in order to become more attractive for investors. Buyback, alike other contractual systems in Iran, is regulated by various enactments. Reviewing history of Iran's petroleum sector shows that the concurrent concerns of people and legislator about protecting natural resources, ended to strict rules ...