Iranian fourth generation petroleum contracts: Changes in oil contracts and creation of the fourth generation of petroleum contracts as the results of oil industry hardworking experts are based on four main pillars: (1) diversity of contracts and intervention of foreign oil companies in production, (2) the ability of contribution and reliance on contractor’s functioning, (3) […]
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Mar
Mar
IRANIAN PETROLEUM AGREEMENT (IPC),
A NEW GENERATION OF PETROLEUM AGREEMENT IN IRAN.
The main characteristic of this new generation of petroleum agreement is to provide the terms and condition more attractive for oil companies by covering their wishes and in increasing their revenue.
The IPC has 4 bases.