Tag: engineering procurement construction

  • Are EPC Contracts in Iran’s Oil Industry Considered “Fixed Contracts”?

    Are EPC Contracts in Iran’s Oil Industry Considered “Fixed Contracts”?

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    The question arises as to whether standardized contracts in the oil industry, particularly Engineering, Procurement, and Construction (EPC) contracts, possess a clear legal basis in Iranian law — and whether one can regard them as a new and emerging fixed contract under the Iranian legal system. EPC contracts are widely used in large-scale infrastructure projects. Despite their extensive application in engineering…