Davood Manzoor; Roohollah Kohan Hoosh Nejad; Masoud Amani
Abstract
Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided in two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation ...
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Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided in two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation of contractor services which could be in cash or in kind. In production sharing contracts the contractor receives a portion of produced oil. One of the main criteria to compare fiscal regimes is government and contractor takes in real values. Comparing the net present value of contractor take shows that PSC could have been more desirable and cost effective in Azadegan, Soroush & Norouz, Forouzan & Esfandyar oil fields than Buy-Back contracts.
Davoud Manzoor; Masoud Amani; Rouhalla Kohan Hoshnejad
Abstract
The 2012 Petroleum Act outlining the tasks and authority of the Iranian Petroleum Ministry allows implementation of new contractual models including partnership with domestic and foreign investors and contractors in compliance with protective production without transfer of the ownership of oil and gas ...
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The 2012 Petroleum Act outlining the tasks and authority of the Iranian Petroleum Ministry allows implementation of new contractual models including partnership with domestic and foreign investors and contractors in compliance with protective production without transfer of the ownership of oil and gas of the reserves. Although this law refers to the general contractual partnership models which can be interpreted as production sharing, profit sharing, or , but it seems that the most suitable interpretation of this clause is using production sharing contracts in Iranian oil and gas industry because of following reasons; first, the ownership of oil and gas of the reservoirs would not be transferred to foreigners. Second, the nature of the contract allows the partnership in investment to result in the partnership in production. Third, due to the specific characteristics of the upstream sector, mostly the production sharing contracts have found applications in achieving the exploration and development (E & P) as well as production. Forth, the previous production sharing contracts concluded before the Islamic Revolution are available and can be used as reference in this regard. Thus, the main elements of such contracts can be outlined by referring to the terms and conditions of similar previously concluded contracts.
Davood Manzoor; Alireza Rahimi
Abstract
National Iranian Oil Company as the second largest oil company in the world and the biggest business complex of Iran has an undeniable importance in Iran, and its activities and management have significant impact on economic and political spheres of the country. The issue of reforming the NIOC articles ...
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National Iranian Oil Company as the second largest oil company in the world and the biggest business complex of Iran has an undeniable importance in Iran, and its activities and management have significant impact on economic and political spheres of the country. The issue of reforming the NIOC articles of association has been a matter of discussion for years in the legislative and administration departments. The stated reasons could be the separation of state duties from the company duties, defining company’s scope of work, omission of additional advantages and adjustment with the new upstream legislations. This study is an attempt to answer the question of “what are the features and principles of a desirable NIOC articles of association?” This question is dealt with by analyzing the past NIOC articles of association as well as examining the selected similar articles of association from National Oil Companies world-wide. Based on this analysis, the acts such as concentration of NIOC on company duties and administrative affairs, not being involved in government affairs and subsequently submission of all the responsibilities and authorizations related to conservation, controlling and supervision on upstream activities to The Ministry of Petroleum are suggested to the National Iranian Oil Company. Considering the professional and business essence of NIOC responsibilities, the activities of the company must be performed in a competitive context with no specific exclusive advantage. More specifically, NIOC can succeed in a competitive environment only under the circumstances of facing the risks inherent in its activities.
Davood Manzoor; Hossein Rezaee
Volume 3, Issue 9 , January 2014, , Pages 215-199
Abstract
It is expected that fuel price increase for power plant uses would lead into an electricity price increase and consequently electricity production, emissions pollutions and greenhouse change. To quantify these effects we develop a system dynamics model for the electricity market in Iran consisting of ...
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It is expected that fuel price increase for power plant uses would lead into an electricity price increase and consequently electricity production, emissions pollutions and greenhouse change. To quantify these effects we develop a system dynamics model for the electricity market in Iran consisting of demand, price and generation modules. The purpose of this paper is to investigate the effects of fuel reforming plants on emissions pollutions and greenhouse. To quantify these effects we develop a system dynamics model for the electricity market in Iran and this model is solved and simulated using POWERSIM software. According to the results, , if the subsidized prices for power plant fuel uses are still maintained, in the framework of the model Emissions pollutions and greenhouse, assuming growth rates at the end of period 5 and 8 percent, respectively, in the (-%1) and 3%. With modified fuel delivery price to power plants, the amount of environmental pollutants, assuming growth rates at end of period 5 and 8 percent, respectively, in the (-1) percent and (3) percent. In the final part of the paper, effect of increase on PowerEfficiency in the model has been studied, Assuming growth rates of 5 and 8 percent, emissions pollutions and greenhouse rate are expected to reach the end of the period to (-0.6) percent and (+0.4) percent compared with price reform, respectively.
