Legal and regulatory framework applicable to operate an oil business in Iran.

The release of the eagerly awaited draft Iranian Petroleum Contract model (the IPC) has received a significant boost in light of the outcome of the recent Iranian elections in February.

It is prevalently assumed that merchants can perform commercial activities concerning all the occasions of business. That is absolutely acceptable idea under Iranian law. However...

Iran holds the world's second-largest natural gas reserves. The natural resources are estimated at 33,988 cubic metres, of which 33% is associated gas and 67% is in non-associated gas fields.