Speculations on the Contents of the New Iranian Petroleum Contracts: Buy-Back in Disguise?
Article from: OGEL 6 (2015), in Middle East, Buy Back Contracts
Abstract
February 2015 - The sudden decrease in oil prices which has come to Rouhani's administration as an unpleasant surprise coupled with Iran's momentary failure to come to a nuclear settlement with the West has put a lot of strain on Rouhani's government, an administration that came to power mainly with the promise of better economic prosperity for Iranians. To this we must add the prospect of over-supply in the market in mid-term due to the discovery of shale gas in North America. All this has translated into more concerted effort on the part of the Iranian government to provide ...