Strategies for Upholding Confidentiality in ‎Petroleum Contracts

Document Type : ISI

Authors

1 Postdoctoral researcher at Institute for mining and energy law, Ruhr-‎University Bochum, Bochum, Germany

2 Assistant professor of public international law at University of Tehran, ‎Tehran, Iran

3 Assistant professor of public law at University of Tehran, Tehran, Iran

Abstract

Abstract
Information in petroleum contracts and petroleum projects is inevitably exchanged between investors (contractors) and host states (owners). There are some data in the petroleum industry that are highly valuable, and they can have a major impact on the competition between oil companies. Within a reasonable legal system, transparency is an essential feature that limits confidentiality. Considering this contrast, it is imperative to understand confidentiality strategies in petroleum contracts. This will help us to devise better policies regarding confidentiality and transparency in the oil and gas industry. In this research, we have distinguished and examined confidentiality and transparency strategies in the petroleum contract. According to the results, a strict confidentiality strategy was the worst strategy because it is at odds with international norms and ineffective for keeping information confidential.
 
 

Keywords

References

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Journal Of Researches Energy Law Studies
Volume 8, Issue 1
July 2022
Pages 195-213

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