Mohammad Reza Shokouhi
Volume 4, Issue 13 , January 2015, , Pages 117-168
Abstract
National Iranian Oil Company (NIOC) is one of the most important Iranian Institutions that its survey is very crucial. In This Respect, Survey of NIOC’s decisions to vertically integrate into the contract of upstream development plans with use of Transaction Cost Economics (TCE) view is important. ...
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National Iranian Oil Company (NIOC) is one of the most important Iranian Institutions that its survey is very crucial. In This Respect, Survey of NIOC’s decisions to vertically integrate into the contract of upstream development plans with use of Transaction Cost Economics (TCE) view is important. In this article, to achieve explaining complexity contractual relations between NIOC and its contractors, buy back contracts and other contracts equal buy and make have been considered respectively. In first Step, The results relatively support TCE’s hypothesis as determinants of organizational form. For the main purpose of this article, Econometrics models are estimated the transactions cost functions of competing organizational options. Estimation of those functions apply isolation of the effects of transaction attributes to each form of organization, it means make or buy, which is used for knowing about the relative impacts of hazards of exchange and internal costs. Estimation of those costs functions profitable for estimate of the transactions costs and incentive gains of outsourcing. The concept and nature of cost has been discussed in the beginning of the paper.
Seyed Nasrullah Ebrahimi Seyed Nasrullah Ebrahimi; muhamad shyryjyan
Volume 3, Issue 10 , April 2014, , Pages 1-39
Abstract
This paper deals with the process of developments in upstream oil and gas contracts during 1979-1991 and 1992-2013. We will understand that any type of conventional contracts had not been concluded during 1979-1991 but in the latter period, three generations of Iranian service contracts named, “Buy-Back ...
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This paper deals with the process of developments in upstream oil and gas contracts during 1979-1991 and 1992-2013. We will understand that any type of conventional contracts had not been concluded during 1979-1991 but in the latter period, three generations of Iranian service contracts named, “Buy-Back Contracts” have been designed and implemented. Due to the necessity of designing new upstream contracts we intend to analyze that which of the conventional upstream contracts are compatible with the current sovereignty laws of oil and gas industry? Regarding the dominant regulations on this sector, what are the concerns and proposal framework of experts about the new contracts? Finally, it seems that the dominant legal requirements on oil and gas upstream sector with the principles of Buy-Back contracts are more convenient than other types of conventional contracts. Of course, the new contracts regarding the current legal capabilities, should be both the ability of answering to concerns of critics as well as suitable flexibility in terms of oil and gas fields of the country.
Elias Naderan; Mohammad Reza Shokouhi
Volume 2, Issue 8 , October 2013, , Pages 163-183
Abstract
In this article we explain the production behavior in National Iranian oil Company (NIOC) from Transaction Cost Economics’ (TCE) view. The main question in TCE is vertical integration or build or buy decision. So we can analyse governance structure of NIOC for developing plans from buying (buy ...
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In this article we explain the production behavior in National Iranian oil Company (NIOC) from Transaction Cost Economics’ (TCE) view. The main question in TCE is vertical integration or build or buy decision. So we can analyse governance structure of NIOC for developing plans from buying (buy back contracts) or bulding methods in production of hydrocarbon (Oil and Gas). TCE says Governance Structure aligns itself with Characteristics of Transaction subject to minimization of transactions costs. For surveying this subject, we analysed effective factors on generating transaction costs and governance structure of production in NIOC with using probit model. The results of article relatively supported from TCE hypothesis.
