Document Type : Article
Authors
1 Ph.D. Student of Private Law, Department of Law, Faculty of Administrative Sciences & Economics, University of Isfahan, Isfahan, Iran
2 Associate Professor, Department of Law, Faculty of Administrative Sciences & Economics, University of Isfahan, Isfahan, Iran
Abstract
Joint venture is a contract whereby two or more business partners participate in the execution of a specific economic plan and invest in that plan through cash or non-cash. Joint venture is one of the international contracting styles that can be used in the oil industry as well. In Iran, although this contractual method was permitted under Oil Law of 1336, with the changes of oil laws, first the using of this method was limited in the "upstream operation" of the oil industry at Oil Law of 1353 and then oil law of 1366 prohibited the using of any type of cooperative method in the oil industry. Although the Oil Law of 1390, amended the provisions of the Oil Law of 1366 and repealed the provisions of the Oil Law of 1353, but the prohibition of the use of cooperative methods under the law remains. Is it allowed to use this contractual model under the new rules in oil and gas industry? With introduce of new oil contracts in the post-JCPOA that one of the country's top priorities is attracting foreign investment; it seems new laws have explicitly or implicitly permitted the use of this model of contract in the oil contracts.
Keywords
English
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