A Comparative Analysis of Contractual Considerations in Oil and Gas Contracts with an Emphasis on Iranian Petroleum Contracts
Article from: OGEL 3 (2017), in Middle East, Buy Back Contracts
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 ...