Abstract

Negotiators of petroleum contracts put great effort into understanding the very features of contractual elements which serve to respond the legal, technical and financial challenges involved. This research conducts a comparative study to delve into the contractual decisions offered by the legal systems of the oil producing countries in response to a variety of challenges faced in the oil and gas industry. In Post-Sanctions Iran, the Iranian Petroleum Contracts (IPC) are becoming increasingly attractive to foreign investors. Therefore, the rules and principles governing such ...