The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields)
In regulating oil contracts applying the appropriate contractual framework is necessary to meets the interests of both parties and maximize the absorption of foreign investment and advanced technology. In terms of distributing benefits between parties, the key element is the contract optimum flexibi...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2018-03-01
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| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_9101_360e8763ae28b35931912c0543c68a2f.pdf |
| _version_ | 1827393122251833344 |
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| author | Sharareh Kavosi Mohammad Ali Falahi Mohammad Javad Razmi |
| author_facet | Sharareh Kavosi Mohammad Ali Falahi Mohammad Javad Razmi |
| author_sort | Sharareh Kavosi |
| collection | DOAJ |
| description | In regulating oil contracts applying the appropriate contractual framework is necessary to meets the interests of both parties and maximize the absorption of foreign investment and advanced technology. In terms of distributing benefits between parties, the key element is the contract optimum flexibility. Flexibility of financial regime in buy back contracts, participation in production and Iran new oil contracts through simulation of the financial model using Excel software and Visual Basic programming language under two rigorous and conventional scenarios has been studied for the first t in this manuscript. In rigorous scenario the parameters of buy back contract between Iran national oil company and Shell Co. and parameters of two other contracts are estimated in such a way that original and achieved results are the same. Then, the effect of the estimated parameters on the distribution of gross income and the efficiency of the parties is investigated and with the aim of analyzing the degree of flexibility of contracts, the sensitivity of the efficiency and receipts of the parties to the changing price and capital costs is studied. Results showed financial regime in participation contracts allow the parties to coordinate the contents and structure of the contract with its benefits. While some of the inefficient tools of buy back and Iran new oil contracts have led to a lack of optimal flexibility in changing economic conditions. |
| first_indexed | 2024-03-08T17:43:27Z |
| format | Article |
| id | doaj.art-0d30eede9d4d484296adf5e25397f5fd |
| institution | Directory Open Access Journal |
| issn | 2423-5954 2476-6437 |
| language | fas |
| last_indexed | 2024-03-08T17:43:27Z |
| publishDate | 2018-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| spelling | doaj.art-0d30eede9d4d484296adf5e25397f5fd2024-01-02T10:48:26ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372018-03-017267913010.22054/jiee.2018.91019101The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields)Sharareh Kavosi0Mohammad Ali Falahi1Mohammad Javad Razmi2Ph.D. Student of Economics, Ferdowsi University of Mashhad International CampusProfessor of Economics at Ferdowsi University of MashhadAssociate Professor Ferdowsi University of MashhadIn regulating oil contracts applying the appropriate contractual framework is necessary to meets the interests of both parties and maximize the absorption of foreign investment and advanced technology. In terms of distributing benefits between parties, the key element is the contract optimum flexibility. Flexibility of financial regime in buy back contracts, participation in production and Iran new oil contracts through simulation of the financial model using Excel software and Visual Basic programming language under two rigorous and conventional scenarios has been studied for the first t in this manuscript. In rigorous scenario the parameters of buy back contract between Iran national oil company and Shell Co. and parameters of two other contracts are estimated in such a way that original and achieved results are the same. Then, the effect of the estimated parameters on the distribution of gross income and the efficiency of the parties is investigated and with the aim of analyzing the degree of flexibility of contracts, the sensitivity of the efficiency and receipts of the parties to the changing price and capital costs is studied. Results showed financial regime in participation contracts allow the parties to coordinate the contents and structure of the contract with its benefits. While some of the inefficient tools of buy back and Iran new oil contracts have led to a lack of optimal flexibility in changing economic conditions.https://jiee.atu.ac.ir/article_9101_360e8763ae28b35931912c0543c68a2f.pdfbuybackproduction sharingiran integrated petrouleum contractsflexibility |
| spellingShingle | Sharareh Kavosi Mohammad Ali Falahi Mohammad Javad Razmi The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān buyback production sharing iran integrated petrouleum contracts flexibility |
| title | The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) |
| title_full | The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) |
| title_fullStr | The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) |
| title_full_unstemmed | The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) |
| title_short | The Comparative Study of Benefits Distribution Between Parrties of Buy Back, Production Sharing Contract and Iran Petrouleum Contracts (IPC) (A Case Study of Soroush and Nowruz Oil Fields) |
| title_sort | comparative study of benefits distribution between parrties of buy back production sharing contract and iran petrouleum contracts ipc a case study of soroush and nowruz oil fields |
| topic | buyback production sharing iran integrated petrouleum contracts flexibility |
| url | https://jiee.atu.ac.ir/article_9101_360e8763ae28b35931912c0543c68a2f.pdf |
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