An Update on The Status of Petroleum Related Laws and contractual frameworks in Iran: A century of Oil in Persia
Article from: OGEL 6 (2015), in Middle East, Buy Back Contracts
Abstract
This study offers an overview of the petroleum legal framework of Iran since oil discoveries in 1908 with an emphasis on the possible reasons for the creation of, or changes to, the country's petroleum legislation. All petroleum laws and some of the important contractual regimes of the countries upstream petroleum industry will be duly expounded. Besides, a concise account of the present legal atmosphere and Petroleum Laws in force is given. This paper also discussed amendments that are being made to the Buy-Back agreement by the new administration. As more time passes from ...