Analyzing new eactments in petroleum industry and investigating the existing legal capacity to amend Iranian Petroleum Contractual Framework

Document Type : ISI

Authors

1 PhD Candidate of Oil and Gas Law, University of Tehran, Tehran, Iran

2 Assistant Professor, Department of Private Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran

Abstract

Recently, by introduction of provisions which seem to contain new rules on permitted contractual framework and ownership of petroleum, new enactments in Iranian petroleum industry, raised many controversial debates. References which are made by new enactments to phrases such as “various approaches on Exploration, Development and Production”, “Designing new contractual models” and “Joining foreign investors” raise this question that whether legislator intended to permit introduction of new contractual frameworks such as production sharing contract. It also creates debates on whether or not it is allowed to draw distinction between ownership of in placed oil and ownership of production and vested the former in Government while transferring the latter to the contractor in delivery point. This study aims to investigate new enactments and examines them based on Constitution and other laws and regulations. Such analysis which is carried on within the framework of legal system of Iran shows that the phrase “Joining foreign investors” cannot be interpreted as production sharing contract. Also the new enactments may hardly be considered as a permission for transferring  ownership of production.  

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Main Subjects

References

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Journal Of Researches Energy Law Studies
Volume 1, Issue 2 - Serial Number 2
Autumn & Winter
October 2016
Pages 153-166

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