Development of Iran's Upstream Oil and Gas Industry

Development of Iran's Upstream Oil and Gas Industry

The Potential Role of New Concession Contracts

Fard Kardel, Mahmoud

Taylor & Francis Ltd

12/2021

210

Mole

Inglês

9781032240398

15 a 20 dias

390

Descrição não disponível.
Table of Contents

Abstract

List of Selected Acronyms

Key Definitions

Acknowledgements

CHAPTER 1: INTRODUCTION

1.1 Classic concession contract

1.2 New concession contract

1.3 Need for Iran to transition to NCC

1.4 Main question

1.5 Background of Iran's oil and gas contracts

1.5.1 Pre-nationalisation period (1901-1951)

1.5.2 Hybrid period (1951-1979)

1.5.3 Contemporary period (1979-2018)

1.6 Overview of Iran's oil and gas legal development

1.7 Methodology

1.8 Book structure

1.9 Conclusion

CHAPTER 2: HISTORY AND LEGAL FRAMEWORK OF IRAN'S OIL AND GAS CONTRACTS AND SECTORS OF OIL AND GAS INDUSTRY

2.1 Oil and gas industry of Iran

2.1.1 The upstream sector

2.1.2 The downstream sector

2.2 History and legal frameworks of Iran's oil and gas

2.2.1 From exploration to nationalisation (1901-1951)

2.2.2 From nationalisation to revolution (1951-1979)

2.2.3 From 1979 Islamic Republic of Iran's revolution to the present day

2.3 Legal and comparative analysis

2.3.1 Ownership

2.3.2 Duration

2.3.2 Income

2.4 Conclusion:

CHAPTER 3: THE NATURE AND FEATURES OF CLASSIC AND NEW OIL AND GAS CONCESSION CONTRACTS

3.1 Definition of concession agreement

3.2 Classic concession contracts

3.2.1 Definition

3.2.2 The legal nature of oil and gas concession contracts

3.2.3 Features

3.3 New concession contracts

3.3.1 Features

3.4 Distinguishing between the classic concession and the new concession contract

3.4.1 Party

3.4.2 Method of awarding

3.4.3 Area of concession

3.4.4 Duration

3.4.5 Ownership

3.4.6 Government revenue

3.4.7 Taxation

3.4.8 Participation

3.4.9 Control

3.4.10 Renegotiation

3.4.11 Settlement of dispute

3.5 Conclusion

CHAPTER 4: NEW CONCESSION CONTRACT: NATIONAL FRAMEWORK

4.1 Brazil

4.1.1 Brazilian rounds: granting of exploration and production rights

4.1.2 Main contractual terms

4.2 Thailand

4.2.1 Parties to the contract

4.2.2 Reserve ownership in Thailand

4.2.3 Main contractual terms

4.3 Australia

4.3.1 Ownership and accessibility

4.3.2 Licence and modern licensing regime

4.3.3 Australian modern licensing regime

4.4 United Kingdom

4.4.1 Licensing system

4.4.2 Features

4.5 Norway

4.5.1 Licensing regime

4.5.2 Licensing system in Norway

4.6 Conclusion

CHAPTER 5: CURRENT OIL AND GAS CONTRACT FRAMEWORK IN THE WORLD AND COMPARISONS BETWEEN THEM

5.1 Production Sharing Agreement (PSA)

5.1.1 Definition

5.1.2 Legal nature

5.1.3 Structure

5.1.4 Main terms and features

5.2 Joint venture (JV)

5.2.1 Legal nature

5.2.2 Main terms

5.3 Service contract

5.3.1 Legal nature

5.4 Iranian buy-back contract

5.4.1 Definition

5.4.2 Why and how Iran acceded to buy-back

5.4.3 Buy-back generations

5.4.4 Main terms of IPC

5.4.5 Critical analysis of IPC

5.4.6 Features of buy-back

5.4.7 Result and analysis criticism

5.5 Criteria for evaluating and comparison between oil and gas contractual framework

5.5.1 Objective

5.5.2 Ownership

5.5.3 Management

5.5.4 Cost and risk

5.5.5 Government revenue

5.6 The NCC positive and negative points compared with other oil and gas contract form

5.6.1 Objective

5.6.2 Ownership

5.6.3 Management

5.6.4 Cost and risk take

5.6.5 Government revenue

5.7 Conclusion

CHAPTER 6: DISCUSSION OF THE CHALLENGES IN PROPOSAL A NEW CONCESSION CONTRACT FOR IRAN'S OIL AND GAS INDUSTRY

6.1 Islamic (Sharia) law

6.1.1 Sources of Islamic law

6.1.2 Islamic denominations

6.1.3 Islamic Jurisprudence and Its major schools

6.1.4 Shi'a perspective on natural resources

6.2 Oil and gas legal framework in Iran

6.2.1 Constitution

6.2.2 Petroleum Act 1987

6.2.3 Foreign Investment Promotion and Protection Act (FIPPA)

6.2.4 Five-year economic, social and cultural development plans

6.2.5 The Act to Modify Petroleum Act (1987) of 2011

6.2.6 The Duty and Authorities of Oil Ministry Act (2012)

6.3 Challenges of adopting New Concession Contract in Iran

6.3.1 Opportunities

6.3.2 Barriers

6.4 Efficiency of New Concession Contract in Iran's oil and gas industry

6.5 Modernising Iran's oil and gas contract framework and regulation

6.5.1 Modernising Iran's oil and gas contract framework

6.5.2 Modernising Iran's oil and gas regulation

6.6 Proposing new concession contract (NCC) Framework

6.6.1 Ownership of oil and gas in NCC

6.6.2 Control and management over oil operations

6.6.3 Financial Regime in NCC

6.6.4 Build-Operate-Transfer (BOT)

6.6.5 Leasing and license

6.7 Conclusion

CHAPTER 7: CONCLUSION

7.1 Financial issue

7.2 Geological factors

7.3 Challenging the Status Quo

7.4 Future proposals of NCC

Bibliography
Este título pertence ao(s) assunto(s) indicados(s). Para ver outros títulos clique no assunto desejado.
Concession Agreement;IOC's Decision;Buy Back Contract;Concession Contract;Petroleum Exploration Permit;Risk Service Contract;Iran's Oil;East Timor;Petroleum Activities;Gas Contract;Upstream Oil;Product Sharing Agreement;Iranian Oil Industry;Gas Industry;Petroleum Law;Iranian Legal System;Islamic Sharia;National Oil Company;Public Private Partnership;Signature Bonus;BP;APOC;Upstream Sector;Petroleum Operations;Iranian Oil