Principles Governing Oil Contracts in the Iranian Legal System

One of the most important activities of the Ministry of Oil is the discussion of oil contracts, which is of the greatest importance. Determining the legal framework and contractual form of oil contracts determines the principles and rules governing the contract. Principles that can be fully derived from domestic or international legal systems. Even the investment and conduct of oil operations by the private sector, whether domestic or foreign, is done through oil contracts, and given the important role of general rules, contracts in oil contracts must be interpreted according to the general rules governing them, and ultimately the best type of contract. Be. Examination of oil contracts shows that in these contracts, the primary conflict between the interests of foreign oil companies and the national interests of the host country is evident. A proven confrontation that is now moving towards a kind of participation in decision-making and the sharing of profits and losses from activities. Creating a balance between the interests of the host government and international oil companies has always been a factor in reviewing, transforming and innovating in various oil contracts, and in the implementation of these contracts, technology transfer to the employer, contractors, consultants, equipment manufacturers and Iranian universities and management knowledge and technologies. Updates are transferred to Iranian exploration and production companies.