1- Department of Law, Faculty of Administrative Sciences and Economics, Isfahan University, Isfahan, Iran.
2- . Department of Law, Faculty of Administrative Sciences and Economics, Isfahan University, Isfahan, Iran
Abstract:
Background and Aim: Due to the special form of contracting, contracting contracts have many complications for the real understanding of the basis and nature of legal works. Financing or finance is one of these things that have made it difficult for the government to exploit and develop oil fields in the current state of embargo.
Method: This research is of theoretical type and the research method is descriptive-analytical and the method of data collection is library and has been done by referring to documents, books and articles.
Ethical Considerations: In order to organize this research, while observing the authenticity of the texts, honesty and fidelity have been observed.
Results: New contracts have been concluded in the phases of South Pars under the title of EPC+F with the condition of introduction of the investor by the EPC contractor, which has countless ambiguities. Including what aspects the contractor introduces the investor and what non-financial incentives this finance contract includes for the investor and the government as an employer and how is reimbursement, insurance, guarantee and bail.
Conclusion: In oil contracts, two methods of finance in the form of loans and mutual sales seem suitable, Although in the finance method, unlike the cross-selling method that leads to the introduction of technology and equipment, only emphasis is placed on receiving investment profits and not receiving guarantees and collateral other than the project, and repayment does not require the completion of the project, but in case of project failure, all risks It is addressed to the employer. Therefore, according to the goal of technology development and transfer, it seems that the use of cross-selling method meets the demands of the Iranian employer.
Please cite this article as:
Sheshbloki M, Tabibi Jebeli M, Tabatabaei MS. The Financing in EPC+F Oil Contracting Contracts. Medical Law Journal. 2022; 16(Special Issue on Legal Developments): e32.
Type of Study:
Original Article |
Received: 2022/12/7 | Accepted: 2023/02/24