Tag: petroleum cost

  • “Petroleum Costs” in Iranian Petroleum Contract (IPC)

    “Petroleum Costs” in Iranian Petroleum Contract (IPC)

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    In examining the evolution of upstream petroleum contracts, the fiscal regime is one of the main distinguishing features among different contractual frameworks.Across all contractual models used in Iran to date—from early concession agreements, to pre-revolution production sharing contracts, and later to various forms of service contracts adopted after the revolution (beginning with the first generation…