Legal and Contractual Study of Iranian Government Supervision as a Reservoir Owner of International Oil Companies

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Tabatabai Seyed Emad Al Din; Shirvi Khozani Abdolhossein; BAGHERI MAHMOUD

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Journal: International Police Studies Quarterly Year:2021 | Volume:12 | Issue:45 Page(s): 207-229

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Title

Legal and Contractual Study of Iranian Government Supervision as a Reservoir Owner of International Oil Companies

Author(s)

Tabatabai Seyed Emad Al Din | Shirvi Khozani Abdolhossein | BAGHERI MAHMOUD | Issue Writer Certificate

Keywords

Cross-selling

Iran Oil Contract (IPC)

Government contracts.Joint Management Committee

Abstract

Context and Objective: Upstream oil contracts, like any other contract, consist of at least two parties. The parties to the upstream oil contracts consist of a reservoir government or the National Oil Company and the International Oil Company. Each party tries to get the most points and interest from the mentioned contracts; The authors of this article have written this article with the aim of reviewing the legal and contractual supervision of the Iranian government as the owner of the reservoir over international oil companies Research Method: The research method of this article is descriptive-analytical. Findings and Conclusion: Investors or international oil companies try to get the expenses incurred in addition to their expected profit during the contract period, and instead the National Oil Company or the government that owns the reservoir (employer) tries to maintain maintenance production and To prevent serious damage to the oil reservoir, to manage the amount of oil revenues in such a way that the contractor or the international oil company does not have any revenue, and on the other hand, the interests of the country that owns the reservoir are preserved. This concern has caused the model of upstream oil contracts to move from concessions and participation in production to service contracts. In this regard, the employer or the reservoir government shall, in order to preserve the natural resources and monitor the performance and expenditures of the International Oil Company, include supervisors in upstream contracts in its favor. The study of employer supervision in Iranian oil reciprocal sales contracts and new Iranian oil contracts called IPC will lead to a better understanding of the effectiveness of these conditions to protect the country’ s interests. Iran guarantees the interests of Iran.

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APA: Copy

Tabatabai, Seyed Emad Al Din, Shirvi Khozani, Abdolhossein, & BAGHERI, MAHMOUD. (2021). Legal and Contractual Study of Iranian Government Supervision as a Reservoir Owner of International Oil Companies. POLICE INTERNATIONAL STUDIES, 12(45 ), 207-229. SID. https://sid.ir/paper/387250/en

Vancouver: Copy

Tabatabai Seyed Emad Al Din, Shirvi Khozani Abdolhossein, BAGHERI MAHMOUD. Legal and Contractual Study of Iranian Government Supervision as a Reservoir Owner of International Oil Companies. POLICE INTERNATIONAL STUDIES[Internet]. 2021;12(45 ):207-229. Available from: https://sid.ir/paper/387250/en

IEEE: Copy

Seyed Emad Al Din Tabatabai, Abdolhossein Shirvi Khozani, and MAHMOUD BAGHERI, “Legal and Contractual Study of Iranian Government Supervision as a Reservoir Owner of International Oil Companies,” POLICE INTERNATIONAL STUDIES, vol. 12, no. 45 , pp. 207–229, 2021, [Online]. Available: https://sid.ir/paper/387250/en

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