INTIEAIslamic Republic of Iran · Iran Petroleum ContractPolicyIn force

Iran Petroleum Contract

The Iran Petroleum Contract (IPC) sets a new framework for oil exploration in Iran. Licences can be granted under the control of the National Iranian Oil Company with joint venture, and minimum production targets are required in a field development

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Country / jurisdiction: Islamic Republic of Iran · Year: 2016 · Status: In force · Level: National · Type: Voluntary

The Iran Petroleum Contract (IPC) sets a new framework for oil exploration in Iran. Licences can be granted under the control of the National Iranian Oil Company with joint venture, and minimum production targets are required in a field development plan.

Official source: https://www.herbertsmithfreehills.com/insights/2016-08/the-new-iranian-petroleum-contract-%E2%80%93-government-approval

Source

https://www.iea.org/policies/26084

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