The Development of Iran's Upstream Oil and Gas Industry

The Potential Role of New Concession Contracts

This book critically examines different forms of petroleum contracts, the historical perspective of the oil and gas industry and the political economy of the petroleum development in Iran. In doing this, the author provides analysis of the concept of concession in oil and gas development. Les mer
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This book critically examines different forms of petroleum contracts, the historical perspective of the oil and gas industry and the political economy of the petroleum development in Iran. In doing this, the author provides analysis of the concept of concession in oil and gas development. This is discussed through the main forms of concession contracts; namely, the classic concession contract (CCC) and the new concession contract (NCC). The book ties together much of the existing work on the history of oil and gas regulation in Iran and builds on that foundation to propose a coherent and balanced approach within the framework of the NCC. To consider the role of the NCC in developing national upstream oil and gas industry, comparative examples are drawn from countries currently using, or having previously used, NCC oil and gas contracts. The selected developed and developing countries are Brazil, Thailand, the United Kingdom, Australia and Norway. The analysis considers the extent to which the NCC has served to advance the objectives and national interests of the national governments in this industry. The book involves a comparative exploration of the utilisation of NCCs in other jurisdictions and synthesises a framework through which Iran may develop its underutilised oil and gas resources. Of interest to academics, students and practitioners throughout the world, this book focuses on the relevant aspects of Iran's Constitution and natural resource laws and makes recommendations for law reform to Iran's legal frameworks.

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Innholdsfortegnelse




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 CONTR

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